Date
18 October 2017

Information consumption to hit 3.38 trn yuan in 2014, paper says

Information services will create direct consumption worth 3.38 trillion yuan (US$554.89 billion) in 2014 while generating 2 trillion yuan of e-commerce sales in China, the China Securities Journal reported late Thursday, citing a senior researcher from a government-backed information technology research institute. The number of domestic mobile-phone users is expected to reach 1.24 billion while 3G mobile-phone users will surpass 420 million by the end of this year, the report said. Smart terminals, broadband and internet content services and e-commerce will be among the hot spots for information consumption in 2014, the IT researcher was quoted as saying.

– Contact HKEJ at digest@ejinsight.com

MY/AC/CG

 

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