International News

China to take over 50% of world ’s online retail market

July 12, 2017

High population, disposable income and increasing online shoppers has made China a key share holder of 50% of world’s online retail market. China leads in the global B2C e-commerce arena in spite of its internet penetration of just above 50% total population. The report titled ‘China B2C E-Commerce Market 2017’ published by says that around two -thirds of the internet users in urban China already shop online, the share is higher in the top cities. With the online share of total retail sales in the country already in the double-digits, the internet retail market in China is showing distinct signs of maturity. More e-commerce growth is expected by 2020 due to increasing internet and online shopper penetration rates, growing frequency of online purchases by urban consumers and, most of all, from the surge of online retail sales in rural China. According to official statistics referenced in this report, online retail sales in China’s rural areas more than doubled between 2015 and 2016.