Mobile commerce grows over 100 percent YOY in China

Wednesday 3 September 2014 11:47 CET | News

Mobile ecommerce market reached USD 7.2 billion in Q2 2014, up 103% from the previous year and 25% from Q1, recent findings indicate.

According to iResearch Global (via, mobile shopping, game purchase, market and value added services were all strong contributing factors to the revenue.

Chinese enterprises are increasingly involved in the mobile industry, further bolstering an economy of wearable technology and mobile.

Ecommerce enterprises, start-ups as well as traditional businesses witnessed enormous potential and commercial value in the m-commerce industry, and the market has seen competition heating up.

In recent news, Chinas privately-held Dalian Wanda Group has revealed plans to launch a USD 813 million ecommerce joint venture with 2 domestic internet companies. These 2 local companies include Tencent Holdings and Baidu, according to two sources familiar with the investment.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: China, mobile commerce, ecommerce, m-commerce, mobile shopping
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce