Retail in Asia

In Trends

China’s online retail sales will triple to USD360b by 2015

Online retail sales in China will triple to more than USD360 billion by 2015, with nearly a quarter of the population shopping online, according to a global consulting firm report.

The Boston Consulting Group said on Thursday that China’s e-commerce market is expected to account for 8 percent of the total retail sales in 2015, compared to 5 percent last year.

The growing numbers of internet users and greater consumer acceptance will drive the country to become the largest online retail market in the world in three years.

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