Ali Research Center forecasts that, China’s e-commerce (including online B2B transactions) will reach 30 trillion yuan in 2020, becoming the world’s largest e-commerce economy.
In 2012, China’s total online retail reached 1.3 trillion, accounting for 6.3% of the total retail sales of social consumer goods. Ali Research Center estimated that by 2016, China’s online retail transaction volume will reach 5 trillion, accounting for 12% of the total sales of consumer goods, and 10 trillion and 16% by 2020.