May. 18, 2012 (China Knowledge) – China
, one of the world's largest e-commerce market,will become the world's largest E-commerce market by 2013, according to a latest report released by China
Academy of Social Science.
Last year China
saw its e-commerce market increased 45.8%, and its online shopping transaction increased 67.8% YoY to RMB 750 billion in 2011 which accounted for 4.3% of the country's total retail sales of consumer goods.
With such growth rate, China
will exceed Japan this year and further exceed U.S. by 2013 to top the world's largest e-commerce market, said the report.
According to an earlier research made by iResearch Consulting, China
's e-commerce market will reach RMB 2.65 trillion by 2015 with an annual growth rate of over 35%.
Currently, over half of thecountry’s top 100 chain stores had entered the e-commerce market to expand their business, sources reported.