Chinese consumers spent USD$40,000 per second on local e-commerce websites. China’s e-commerce giant Alibaba Group revealed recently its mobile commerce sales jumped 600% last year. Chinese shoppers are going mobile, are brands ready?
“The next five years will be the golden age of e-commerce [in China],” says the former CEO of Alibaba Jack Ma. iResearch Consulting Group expects China’s mobile commerce sector to hit a new milestone in 2014 with US$ 27.1 billion, surpassing on-the-go sales surpassing the American mobile commerce. And by 2015 Chinese m-commerce will be worth over US$ 41 billion. Click to enlarge the infographic below to see the evolution of this fast-growing market: