China E-Commerce Expected to Surpass That Of U.S.

By  |  July 5, 2012
 | 

China’s Ministry of Commerce says e-commerce spending increased 53.7 percent in 2011, to roughly $124.22 billion.

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    Similar spending in the U.S. grew 16.1 percent in 2011, according to Internet Retailer, to a total of $194.3 billion. The report cites a U.S. Department of Commerce estimate that e-commerce accounts for 4.6 percent of all U.S. retail sales.

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