Infographic: China’s mobile commerce spending to surpass US$50 billion in 2014
Alibaba's e-commerce sites are bringing in the majority of revenue stream
China’s e-commerce market is set to see US$274.5 billion in spending in 2014, and according to a new infographic by web design and development team Go Globe, a tremendous percentage of e-commerce purchases are being solely made on mobile devices.
According to the graphic, mobile shopping spending will grow 91.1 percent from 2013 to 2014, but as e-commerce grows closer to a saturation point in China, that growth is likely to slow from 2015 through 2018.
Furthermore, Alibaba's Taobao and Tmall sites are the dominant force in China's e-commerce mobile scene, accounting for 76.1 per cent of spending from smart phones.
This article was originally reported by Tech in Asia and was edited and republished with permission.
Additional reporting by Jeremy Blum