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03 January 2013

Chinese e-commerce sales to double in 2013

According to an Analysys International report, echoed by the Chinese media, a continuation of e-commerce price wars and promotions will cause sales in China's online business-to-customer retail sector to double in 2013 to 785 billion Yuan (€95 billion). The continuing rapid growth will be accompanied by industry consolidation, with B2C leaders such as Tmall and Jingdong Mall, who together accounted for more than 70 percent of visits to B2C web pages in November, strengthening their positions.

http://e-commercefacts.com/