China to be world's largest e-commerce country
Editor:By WANG ZHUOQIONG ( China Daily) Create time:2013-11-18 Hits:
China is likely to soon surpass the United States to become the world's largest online shopping country.
China is likely to soon surpass the United States to become the world's largest online shopping country. A report from consulting company Bain shows China has caught up with the US. Here's a breakdown of numbers.
In the US -- online sales exceeded #1 billion on Black Friday and reached nearly $2 billion on Cyber Monday last year. But China's Single's Day sale alone pulled in more than 3.1 billion dollars last year. This year -- online sales will surpass 2.3 billions dollars on Black Friday and Cyber Monday but China's Single's day sale, which is on-going right now--two hours left is expected to reach more than $5 billion.