As world awaits Alibaba IPO, China’s ecommerce spending grows to $74 billion in Q1

Cloud News Asia

The world is waiting for Alibaba to hit Wall Street this summer as its IPO will likely be bigger than Facebook’s. That means China’s ecommerce market matters more than ever. New figures out today show that spending on China’s ecommerce sites keeps growing, hitting a grand total of RMB 446.44 billion (US$74.03 billion) in Q1 2014 – which is up 27.6 percent on the same time a year ago.

http://www.techinasia.com/china-ecommerce-spending-hits-74-billion-dollars-q1-2014/

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