China set to be first nation the place e-commerce gross sales outstrip bricks-and-mortar retail in 2021

The Chinese language retail market is poised to turn out to be the primary on the earth to be dominated by e-commerce transactions as Lunar New 12 months retail gross sales beat expectations amid a pandemic-driven financial slowdown.Analysis agency eMarketer expects 52.1 per cent of China’s complete retail gross sales to come back from e-commerce transactions in 2021, rising from 44.8 per cent final yr.“That implies that for the primary time anyplace, a majority of retail gross sales for a whole nation will transact on-line,” mentioned the agency in…



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