E-com­merce mar­ket in 2014 was $2.2 tril­lion

China Daily (Canada) - - FRONT PAGE -

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.

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