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China’s online retail sales will triple to USD360b by 2015

Online retail sales in China will triple to more than USD360 billion by 2015, with nearly a quarter of the population shopping online, according to a global consulting firm report.

The Boston Consulting Group said on Thursday that China’s e-commerce market is expected to account for 8 percent of the total retail sales in 2015, compared to 5 percent last year.

The growing numbers of internet users and greater consumer acceptance will drive the country to become the largest online retail market in the world in three years.

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(Source: scmp.com)

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