China E-Commerce Market Grows 24% in Q2 2013

Sept 19, 2013 (Thu): Observer Solution, a boutique China market research and advisory firm reported that the China’s online shopping market increased 24 per cent and reached total sales of CNY 437 billion (RM 224.78 billion) in Q2 2013. The online retail sales were accounted for 7.3 per cent of total retail sales in Q2. The top 3 e-commerce players which are Tmall, JD and Tencent B2C contributed 73.5 per cent of the B2C market sales.