China's e-biz market to keep 25 pct annual growth for years: A.T. Kearney
BEIJING, Nov. 11 (Xinhua) – Global management consulting firm A. T. Kearney released a research report on Tuesday, which projects that China's e-business market will keep annual growth of 25 percent in the next few years.
At this rate, the report says, China's e-business market size will grow from 390 billion US dollars in 2014 to 718 billion dollars in 2017.
Xinhua-run China Securities Journal quotes the report as saying that three factors are stimulating the development of online shopping business in China. They are increase in the number of online shoppers, Chinese consumers' greater purchasing power, and enhancing Internet security.
At present, small and medium-sized cities across China are posting faster increases of online shoppers, indicating the e-business market is expanding in terms of territory. A.T. Kearney's partner Wu Mingfang said reliable and stable logistics services and distribution capability would become a major competitive advantage on the market. (Edited by Li Xiaoyu, Lixy@xinhua.org)