China ranks No 1 in global online retail trade
Updated: 2015-10-29 18:14
By CAO YIN(chinadaily.com.cn)
|
||||||||
China's online retail trade now ranks first in the world and the number of Internet shoppers has surpassed 360 million, the China Internet Network Information Center reported today.
The Internet has been a boon to China's economy, contributing 7 percent to the country's GDP last year, said the center's report, which reviewed the Web industry's influence on the economy over the past five years.
Retail trade online more than doubled to 2.79 trillion yuan ($438 billion) in 2014, the report said, pushing China past the United States as the biggest online market in the world.
Sales in the electronics industry, which includes smartphones and cloud storage services, also were driven by the Internet from 2011 to 2014, the report said.
Mobile networks have taken the place of computers as the entry point for users surfing the Web over the past five years. By 2014, China had 594 million netizens using mobile networks, up nearly 90 percent year-on-year, it said.
The report also noted there are currently more than 4 million application stores, helping users to shop, search and book tickets through their mobile terminals.
caoyin@chinadaily.com.cn
Ryan nominated for speaker
Top 10 news apps favored by smartphone users
Intimate Transgressions: More than just pain
Want a butler at your home?
Rescue operations in full swing as quake death toll hits 365
Merkel's visits to China aimed at forging 'special' ties
Netherlands king enjoys local flavors of Yan'an
NBA MVP Curry scores 40 points, Warriors win opener
Most Viewed
Editor's Picks
|
|
|
|
|
|
Today's Top News
Tu first Chinese to win Nobel Prize in Medicine
Huntsman says Sino-US relationship needs common goals
Xi pledges $2 billion to help developing countries
Young people from US look forward to Xi's state visit: Survey
US to accept more refugees than planned
Li calls on State-owned firms to tap more global markets
Apple's iOS App Store suffers first major attack
Japan enacts new security laws to overturn postwar pacifism
US Weekly
|
|
















