China's e-commerce market is big. Think $2.2 trillion big.
According to a report published on Wednesday, China's e-commerce market surged 31.4 percent from 2013's level to 13.4 trillion yuan. The volume of business-to-business activity reached 10 trillion yuan (up 21.9 percent), while online retail levels reached 2.82 trillion yuan (up 49.7 percent).
At the end of 2014, more than 2.5 million individuals in China worked directly in e-commerce, while an additional 18 million individuals worked indirectly.
Related Link: 7 Internet Stocks Goldman Sachs Loves
"E-commerce is a new growth engine for China's economy and has strong impacts on the ITmarket and business models of traditional industries, including the retail, education and medical care," said Zhang Zhouping, a research analyst at China E-Commerce Research Center.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in