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Turnover in the Chinese retail industry will eclipse that of the US later this year, according to analyses. “Nothing is going to stop them,” said one commentator as new data emerged showing a fast-narrowing gap between the two markets. The fact China would…
A recent report by eMarketer predicts that by 2021, Asia Pacific consumers will spend $3.001 trillion online, and ecommerce will make up 25.4% of total retail sales. Whilst this hasn’t been the death knell for bricks and mortar, it has forced retailers to…
A growing middle class in China that likes shopping for foreign brands is helping drive cross-border e-commerce spending, according to a forecast by research company eMarketer. However, it warns of a growth slowdown ahead. Total cross-border e-commerce sales…
In the retailing business, it’s fairly common knowledge that China is home to the world’s most prolific online shoppers. Last year almost 419 million mainlanders made purchases via the web, more than any other country. And they spent more online than…
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