{"id":179028,"date":"2014-11-12T13:09:58","date_gmt":"2014-11-12T21:09:58","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/?p=179028"},"modified":"2014-11-12T15:15:20","modified_gmt":"2014-11-12T23:15:20","slug":"china-spend-online-rest-world-combined","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2014\/11\/china-spend-online-rest-world-combined\/","title":{"rendered":"China&#8217;s Online Sales to Surpass Rest of World&#8217;s"},"content":{"rendered":"<p>After <a href=\"http:\/\/chinadigitaltimes.net\/2014\/09\/alibaba-shares-surge-ipo-debut\/\">breaking U.S. IPO records in September<\/a>,\u00a0Chinese e-commerce\u00a0giant <a href=\"http:\/\/www.bbc.com\/news\/business-29999289\">Alibaba this week made U.S.$9.3 billion in sales on November 11<\/a>\u2014&#8221;Singles&#8217; Day,&#8221; a &#8220;Cyber Monday&#8221; with Chinese characteristics\u2014shattering the <a href=\"http:\/\/chinadigitaltimes.net\/2013\/11\/singles-day-sets-online-shopping-record\/\">online shopping world record set by the company last year<\/a>. A report from Leo Mirani at Quartz looks at <a href=\"http:\/\/qz.com\/294710\/by-2018-china-will-spend-more-online-than-the-rest-of-the-world-combined\/\"><strong>predictions that Chinese e-commerce sales\u00a0will pass\u00a0those of the rest of the world combined by 2018<\/strong><\/a>:<\/p>\n<blockquote><p>[&#8230;] Singles Day is just the beginning. Chinese e-commerce is about to get much, much bigger. By 2018 sales from e-commerce in China will exceed\u00a0those in the rest of the world combined, reckons Morgan Stanley.<\/p>\n<p>At the rate e-commerce is growing, it will account for one in every five renminbi spent in China by 2018.<\/p>\n<p>One of the factors that helps drive rising e-commerce sales is consumer confidence.\u00a0The more experience people have with online shopping, the more they spend. [&#8230;] [<a href=\"http:\/\/qz.com\/294710\/by-2018-china-will-spend-more-online-than-the-rest-of-the-world-combined\/\"><strong>Source<\/strong><\/a>]<\/p><\/blockquote>\n<p>E-commerce could do much to help\u00a0<a href=\"http:\/\/online.barrons.com\/articles\/ecommerce-chinas-consumption-growth-engine-1415323378\">spur consumption amid slowing growth in China<\/a>.<\/p>\n<p>Also see the New York Times&#8217; coverage of a<a href=\"http:\/\/sinosphere.blogs.nytimes.com\/2014\/11\/12\/an-online-store-whose-t-shirts-tacitly-support-ai-weiwei-is-shut-down\/\"> virtual t-shirt shop that was shut down by Alibaba for selling a shirt showing veiled support for dissident artist Ai Weiwei<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After breaking U.S. IPO records in September,\u00a0Chinese e-commerce\u00a0giant Alibaba this week made U.S.$9.3 billion in sales on November 11\u2014&#8221;Singles&#8217; Day,&#8221; a &#8220;Cyber Monday&#8221; with Chinese characteristics\u2014shattering the online shopping world record set by the company last year. A report from Leo Mirani at Quartz looks at predictions that Chinese e-commerce sales\u00a0will pass\u00a0those of the rest [&hellip;]<\/p>\n","protected":false},"author":985,"featured_media":179036,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[116,2,7,14744,14745,14746,6,5],"tags":[1948,1492,283,15715],"class_list":["post-179028","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","category-economy","category-information-revolution","category-level-2-article","category-level-3-article","category-level-4-article","category-sci-tech","category-society","tag-alibaba","tag-consumption","tag-e-commerce","tag-singles-day","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.9 (Yoast SEO v23.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>China&#039;s Online Sales to Surpass Rest of World&#039;s<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2014\/11\/china-spend-online-rest-world-combined\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China&#039;s Online Sales to Surpass Rest of World&#039;s\" \/>\n<meta property=\"og:description\" content=\"After breaking U.S. IPO records in September,\u00a0Chinese e-commerce\u00a0giant Alibaba this week made U.S.$9.3 billion in sales on November 11\u2014&#8221;Singles&#8217; Day,&#8221; a &#8220;Cyber Monday&#8221; with Chinese characteristics\u2014shattering the online shopping world record set by the company last year. 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