Friday, April 10, 2015
News this week: According to the latest data published by the China E-Commerce Research Center (CECRC), China’s e-commerce market grew by 31.4% in 2014 to reach a total market value of US$2.2 trillion. In particular, online B2B trading grew 21.9% year-on-year and accounted for around US$1.6 trillion – close to 75% of the total.
Online B2C trade reached US$450 billion and was up by 50% over 2013. The consumer sector was boosted by transactions on platforms including JD.com, and Alibaba group’s consumer-focused arms Taobao and Tmall – where Tmall’s trade was valued at US$123 billion in 2014.
The report also highlighted the growth in mobile usage as online transactions via mobile devices were up 240% reaching US$150 billion.