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In data: China’s online shopping boom, e-commerce market hits $2.2tn

GlobalData’s analytics revealed that China’s e-commerce market registered 11.9% growth in 2023 to reach CNY15.4trn ($2.2tn), as consumers increasingly preferred online purchases.

Shemona Safaya October 28 2024

China’s e-commerce market is forecasted to grow to reach CNY25.4trn ($3.6trn) in 2028, driven by the ongoing shift in consumer preference from offline to online shopping, reports GlobalData. Credit: Getty Images

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