China’s high population along with the rapidly increasing number of internet users has created huge potential for China’s online consumption, which is predicted to grow at an annual rate of 17.4% (which can be referred to in and ). In addition, the Internet penetration rate was 54.3%, up 1.1 percentage points from the end of 2016. By June 2017, the number of internet users in China reached 751 million, an increase of 92 million in the past 6 months. Global electronic commerce is growing exponentially, especially in the US and China.
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