Total transactions of China’s online shopping market, a combination of B2C and C2C markets, reached RMB6,28.76 billion (US$101.58 billion), 10.1% of total retail transactions in China, according to iResearch data.
China online shopping total transaction last year was 1.89 trillion yuan, an increase of almost 60%. It’s expected to increase by over 45% to RMB 2.76 trillion this year according to iResearch estimation.
China B2C Market v.s. C2C Market
Transactions generated from Chinese B2C platforms reached 40.4% of China’s total online shopping transactions and is expected to continue to grow while C2C market gets smaller.
Also read: 16 Charts to Demystify China’s B2C Market