Trending this month

September 17, 2013

China becomes the No 1 Global eCommerce Market, US is no 2

 Global eCommerce  Market  now controlled by the chinese,

Its the end of the American dominance  on the web ... After taking over Hardware and Manufacturing  market, China is set to replace the US in terms of  eCommerce  revenue globally. China's  eCommerce growth zoomed  71% from 2009 to 2012. A Reuters report from Consultancy firm Bain & Co  shows that China's online commerce has caught up at an amazing pace in the last 3 years , compared to 13% growth of US

China's e-commerce revenue is also expected to hit 3.3 trillion yuan (US$539 billion) by 2015, the consultancy firm noted. The country’s spending on online shopping hit US$212.4 billion in 2012 and in comparison, the U.S. hit US$228.7 billion.

 China's total eCommerce market size is expected to reach 3.3 trillion yuan ($539.07 billion) by 2015,  ( report from Bain & Company )

China growth story has also propelled Asia pacific in terms of the fastest ecommerce market as Global e-commerce sales, which stood at $661 bn in 2011, are expected to grow at
an annual rate of 20.7% to reach $963 bn in 2013, and Asia is expected to become
the biggest e-commerce market in the world