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Growing Affluence of Consumers to Greatly Expand the Online Retail market in China By 2019

Reportstack has announced a new market research report on Online Retail Market in China 2015-2019, which is expected to grow at a CAGR of 24.08 percent from 2014-2019.

From apparel to electronics, all have taken the online route in China. More brands than ever before are investing here on increasing their online presence for capitalizing on this online boom.

The number of internet users in China is expected to surpass 43 percent of its total population by the end of this year. And as the trend suggests, a significant number are already shopping online. This trend is likely to rise with the influx of smartphones in the Chinese market.

“China has grown tremendously in the past few years in terms of economic development and, therefore, the retail market in this country stood in second position globally. Hence, with the rising disposable income of consumers, and increased spending on the internet, the boom witnessed in its online retail segment shall continue,”.

In the future, media and social networks will play a crucial role in online retailing; promotions and publicity through various social platforms, influencing online purchase decisions.

To access full report with TOC, please visit Online Retail Market in China 2015-2019.