As reported by Axios.
Last year Chinese consumers spent about $750 billion online, outspending both U.S. and UK consumers' online purchases combined, and beyond that, China has been a standout in adopting e-commerce as a driving habit in retail, according to Boston Consulting Group. The rate of growth of e-commerce as a portion of retail in China is particularly striking; it's going to grow twice as fast as the U.S. and UK at about 20% annually.... Read full article
