China’s E-commerce Market up 31% in 2014

Posted by Joachim Bartels | Apr 16, 2015 | China, E-Commerce, Online Media - Buyer - Seller Platforms | 0 |

According to the latest data published by the China E-Commerce Research Center (CECRC), China’s e-commerce market grew by 31.4% in 2014 to reach a total market value of US$2.2 trillion. In particular, online B2B trading grew 21.9% year-on-year and accounted for around US$1.6 trillion – close to 75% of the total.

Online B2C trade reached US$450 billion and was up by 50% over 2013. The consumer sector was boosted by transactions on platforms including JD.com, and Alibaba group’s consumer-focused arms Taobao and Tmall – where Tmall’s trade was valued at US$123 billion in 2014.

The report also highlighted the growth in mobile usage as online transactions via mobile devices were up 240% reaching US$150 billion.

Source: Business Strategies Group, Hong Kong – www.bsgasia.com

4/11/2015 4:40:20 AM

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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