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Ecommerce in China: How the World’s Biggest Market Buys Online
China is poised to become the biggest online marketplace in the world within the next few years, according to multiple estimates. Online retail generated $121 billion in sales in China last year, up 66% from 2010, according to Barclays Capital. The size of China’s ecommerce market is expected to more than triple over the next three years, with sales reaching $420 billion by 2015. That’s 20% more than what the U.S.’s ecommerce market is forecast to bring in that year. China has an estimated 193 million online shoppers, more...
Published By: Mashable - Sunday, 20 May, 2012
