China’s online retail market is expected to hit $1.8tn in 2022, buoyed by local tech titans Alibaba and JD.com, according to a report by Forrester.
The ‘E-commerce in China: Trends and Outlook for The Largest eCommerce Market in The World’ report, revealed the Chinese online retail market will be more than double the size of the US market, which will reach $713bn in 2022 and 10 times larger than Japan at $159bn.
China’s e-commerce market will reach $1.1tn this year, making it the world’s first trillion-dollar e-commerce market. However, there is still plenty of room for growth with just 38% Read full story ›
Source: The Drum
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