242 Million Chinese consumers in 2013 are expected to spend $265 Billion shopping online, surpassing all other countries including the world’s current largest online retail market, the U.S.
60% have an income less than $320 per month but $1054 is the average spend per online shopper!
And only 40% of the population is online as of now, compared to 78% for U.S. – so a 2x growth is possible over the next 5 to 10 years. Check out this fab infographic for more info:
Image courtesy: Alibaba Group