Retail in Asia

In Trends

China e-commerce business “to double by 2015”

China’s e-commerce transaction size is expected to double to CNY18 trillion (USD2.86 trillion) by 2015 and online retail volume will rise to CNY3 trillion, according to the latest industry guideline.

The Chinese Ministry of Industry and Information Technology encouraged domestic online retailers to carry out more cross-border e-commerce businesses and help small and medium-sized enterprises to boost competitiveness, according to the 12th Five Year Plan for e-commerce industry released by the ministry on its website.

(Source: Shanghai Daily )