Chinese online retail sales expected to grow by 2020

December 06, 2016 - Germany

Online retail sales in China are expected to grow by at least 20 per cent over next four years, a new report from German intelligence firm Ystats.com has said. This will have a positive effect on the online share of total retail sales, which is already doing good business, and it will also escalate China’s share of global e-commerce sales.

According to the report, B2C e-commerce is expected to make a major contribution in this growth. It is observed that since last few years, B2C’s share has been increasing and at present it accounts for over 50 per cent of the total share.

The report said that mobile commerce (m-commerce) is also growing in China. The situation would be such that in few years, mobile shopping will account for nearly three quarters of the online sales. China’s largest online retailers and marketplaces will be the major beneficiaries of its future e-commerce sales growth. (RR)