China E-Commerce Statistics: ‘May Pass U.S. in 2015’November 23, 2011 3:56 am
China has been a favorite stat spotting destination for us for quite some time now. Remember, the Chinese are taking over Canada and every second Chinese millionaire wants to emigrate – we spotted this today:
“China’s Internet retailing market may overtake the U.S. as the world’s largest with transactions valued at more than 2 trillion yuan ($314 billion) in 2015, according to Boston Consulting Group Inc.
E-commerce sales in China almost quadrupled to 476 billion yuan in 2010 from 128 billion yuan in 2008 as 23 percent of its urban population shopped online last year, the Boston-based consulting firm said in a report released today. Forty-four percent of city dwellers in the world’s most populous country will shop on the Internet in 2015, the report estimates.”
Statistics Source: BusinessWeek