REACH YOUR BUSINESS TO 600 MILLION PEOPLE IN CHINA WITHIN 2 WEEKS
China’s online retailing market will grow to $1.7 trillion by 2020 compared with $750 billion last year, according to a new report from Goldman Sachs.
Goldman expects penetration to increase from 16% last year to 25% in 2020, up from a previous forecast of 22%.
While there have been concerns of a slowdown following the deceleration in growth to mid-20% in 2016, we expect online retail growth to sail on at 23% CAGR over 2016-2020, continuing to grow at nearly triple the pace of offline retail.
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