Friday, April 10, 2015

China’s e-commerce market up 31% in 2014

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, 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.

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service. You can also follow us on Twitter for all the latest updates.

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