E-commerce market in 2014 was $2.2 trillion
China’s e-commerce market hit 13.4 trillion yuan ($2.2 trillion) in 2014, up 31.4 percent year-onyear, according to a report.
The volume of the business-tobusiness (B2B) market reached 10 trillion yuan, up 21.9 percent. Online retail trade reached 2.82 trillion yuan, up 49.7, according to the China E-Commerce Research Center.
B2B business and online retail respectively accounted for 74.6 percent and 21 percent of the market.
As of the end of 2014, more than 2.5 million people worked directly in e-commerce and more than 18 million indirectly.
China’s e-commerce sites have captured 70 percent of crossborder online sales with Russia, valued at $3.5 billion in 2014, said China Securities Journal, citing a research report from Russia.