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.
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