China’s online transactions are expected to be worth $125 billion this year, a sharp rise from last year’s $87.5 billion, a report said on Tuesday.

China’s online transactions are expected to be worth one trillion yuan ($125 billion) this year, up from last year’s 700 billion yuan ($87.5 billion), a China Centre for Information Industry Development Consulting report said.

China’s e-commerce transaction volume has grown by 50-60 per cent over the past couple of years and is expected to maintain fast growth for several years to come, it said.

The number of Chinese netizens has surpassed 110 million and more than 40 million personal computers have access to broadband.

It means China’s infrastructure is ready for a boom in e-commerce,” an analyst with CCID Consulting, Chi Congbing said.

Read More