By Danielle Long

China’s online retail market will hit $1 trillion this year, a year ahead of predictions, according to Forrester.

The Forrester report revealed the growth in mobile shopping and consumer spending in categories like fashion and grocery would see China’s retail sales reach $1.1tn in 2018.

Chinese online shoppers will continue to grow by 4.6% annually to reach 631 million by 2022, up from the current 502 million.

The report, which provides online retail forecasts for Asia Pacific, found China remains the largest market accounting for close to 83% of all retail sales across the region.

Japan is the second largest with $97bn, followed by Read full story ›

Source: The Drum