Online sales to triple by 2015!

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The Boston Consulting Group said Online retail sales in China will triple to more than USD360 billion by 2015, with nearly a quarter of the population shopping online. Online sales are going to account for 8% of the total sales in the country in 2015, up from around 5% right now. It is going to be the largest online market in the world in 3 years time too. There have been more people who were able to connect using broadband internet around the country, then there is the emergence of smartphones and tablets which have made it easier for people to go online and portable too, when they are free, waiting for the bus, heading to work and so on. Many online shops have taken their offerings online and also there are apps for some companies where people can buy things on these apps. Another issue is the security has been improved and many are much more comfortable using their credit card to buy things online, as a result of paying by "plastic" grows, you can expect to see much more online sales in the years to come even beyond 2015!

Source: http://www.retailinasia.com

Image: LuMaxArt
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