E-Commerce (China vs. US) Part 7 of 10. BIG!! BIGGER!!! BIGGEST!!!!!

China E-Commerce to exceed US$1 trillion by 2019

http://raymond-nobu-chang.blogspot.com/

Currently, more than 50,000 transactions are taking place per minute on Taobao.  The average transacting amount is ¥120 (US$20).   US$540 billion is expected in 2015, or 10% of total retail transactions in China.  On 11/11/2014, China broke the record of the single largest one day transaction volumes in any country with US$9.3 billion.  Many analysts predict that total e-Commerce & m-Commerce in China will exceed US$1 trillion by 2019.

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One thought on “E-Commerce (China vs. US) Part 7 of 10. BIG!! BIGGER!!! BIGGEST!!!!!

  1. Pingback: E-Commerce (China vs. US) Part 7 of 10. BIG!! BIGGER!!! BIGGEST!!!!! | Raymond Nobu Chang's WordPress Blog

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