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Home » Wal-Mart Stores to Enter China's E-Commerce Space

Wal-Mart Stores to Enter China's E-Commerce Space

August 21, 2012
Bloomberg BusinessWeek

The deal suddenly puts Wal-Mart at the center of one of China's fastest-growing sectors. China's economy is slowing because of fallout from the European debt crisis, but that's not deterring Chinese consumers from making more purchases via the internet. According to the official Xinhua news agency, 210 million Chinese are shopping online. The value of online shopping transactions in China jumped 51.6 percent year on year, to 268.4 billion yuan, in the second quarter of 2012, Xinhua reported, citing iResearch, a market research firm with offices in China and Silicon Valley.

It wasn't that long ago that China was a laggard in e-commerce. In 2008, e-commerce amounted to only 2 percent of total retail sales in China, according to Shanghai's RedTech Advisors.

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KEYWORDS China Chinese e-commerce sector consumer packaged goods Retail retail supply chain supply chain management IT supply chain systems Wal-Mart in China
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