date:Nov 26, 2014
to sources such as Euromonitor and brokers CLSA, online spending in China is growing exponentially. Fixed broadband penetration is forecast to hit 70 percent by 2020, and mobile broadband to reach 85 percent.
Per capita online retail spend across all sectors is expected to rise from $48 in 2012 to $335 by 2020. Total retail spend is expected to reach $280 billion by 2017.
According to Pedrol, one quarter of wine purchases in China are currently made online, a figure that is expected to rise t