Chinese e-commerce sites could surpass Wal-Mart sales in five years

19/10/2012

New figures suggest that online retail transactions in China in the second quarter of 2012 had a total value of $44.5 billion, a 45% increase on the figure for the same quarter in 2011. A report from reseach company Analysys International says e-commerce group Alibaba has a 75% share of the Chinese online retail market, with two of its shopping...