Year of the Monkey Brings E-Commerce Opportunities in Asia-Pacific

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Trends Mobile china Asia-Pacific India

February 8th marks the start of the Chinese New Year and ushers in the Year of the Monkey. According to Chinese horoscopes, the Year of the Monkey will be marked by many financial events. If merchants want to see good returns on their financial investments, then they need to “outsmart” the monkey.

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E-commerce drives retail growth in China

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e-commerce china

By all accounts, the world of e-commerce keeps expanding. A case in point is China: despite a sluggish economy overall, e-commerce is a primary driver of retail sales growth there. In 2014, China’s e-commerce sales as a percentage of GDP overtook the US’s for the first time, accounting for $439 billion, or 7%, of the country’s GDP, as reported by CardNotPresent.com. This figure compares to only 6% in the U.S. These findings are based on a recent report from the China Internet Network Information Center.  

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