Beijing's E-Commerce Transaction Value Expected to Hit US$163B in 2015

The total transaction value of e-commerce in Beijing, one of the biggest cities in China, grew by 45% to 550 billion RMB (US$24 billion) in 2012, according to the city's government.

 

Beijing’s e-commerce market is characterised by its high transaction volume, which has prompted half of China's top 10 e-commerce companies set up headquarters in Beijing in often in one of the two national e-commerce industry zones which attract a great number of small and medium e-commerce firms.

 

Beijing’s government expects that its e-commerce transaction value will grow at 22% CAGR and hit 1 trillion RMB (US$163 billion) in 2015, which will account for 60% of Beijing’s GDP.

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