China online retail sector set to surpass US' by 2015

   Apr 13, 3:53 pm

Beijing, Apr 13 (ANI): China's online retail sales are likely to surpass that of US by 2015, a latest survey has revealed.

Boston Consulting Group in their findings has claimed that the growing number of Internet users, along with an increasing consumer acceptance of e-commerce, is driving the online sales surge in the nation.

It has been predicted that China would have 700 million Internet users in 2015, which would be nearly 200 million more than now, and twice the online population of Japan and the US combined, Xinhua reports.

Christoph Nettesheim, a BCG Senior Partner and Co-author of the report said that the Internet was "going down to smaller cities, villages and counties in China" and rural people are also gaining access to the mass medium.

China's overall Internet penetration rate is expected to have exceeded 50 percent by 2015, as compared to 38 percent in 2011.

According to the report, the share of online shoppers will likely have reached 47 percent by 2015. The country already has more online shoppers (193 million) than any other market, including that of US (170 million). (ANI)

Maruti Suzuki delivers 1600 cars during Varamahalakshmi festival Aug 28, 6:02 pm
Bangalore, Aug 28 (ANI): Maruti Suzuki India delivered 1600 cars in a single day in Karnataka on the occasion of the Varamahalakshmi festival.
Full Story
Shardul Amarchand Mangaldas advises on offer for sale for IOC Aug 28, 5:20 pm
New Delhi, Aug.28 (ANI-NewsVoir): Shardul Amarchand Mangaldas and Co. is acting as the Indian legal counsel to Citigroup Global Markets India Private Limited, Deutsche Equities India Private Limited, Nomura Financial Advisory and Securities (India) Private Limited, JM Financial Institutional Securities Limited and Kotak Securities Limited (brokers).
Full Story
Amazon.in launches dedicated store for National Sports Day Aug 27, 6:54 pm
New Delhi, August 27, 2015: In a bid to commemorate National Sports Day which falls on August 29 and marks the birth anniversary of India's hockey legend Dhyan Chand, Amazon.in is launching a dedicated National Sports Day store which goes live tomorrow.
Full Story
One trillion dollar investment opportunity in India - Creating strategic partners in the Gulf region Aug 27, 6:37 pm
Dubai - UAE, August 27, 2015: The recent state visit of Indian Prime Minister Narendra Modi to the UAE begun a new era of bilateral relations and opened up new opportunities for trade and commerce.
Full Story
Comments