Date
17 August 2017

China to pip US as biggest online retail market, Xinhua says

China is set to overtake the United States to become the world’s biggest online retail market this year, the official Xinhua news agency reported Thursday, citing Nie Linhai, deputy director of the Department of Electronic Commerce and Informatization. E-commerce transactions are estimated at 10 trillion yuan (US$1.65 trillion) this year, with online retail sales expected to exceed 1.8 trillion yuan. More than 60 of the country’s top 100 retail chain operations are engaged in e-commerce, the report said.

– Contact HKEJ at [email protected]

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