The above stats for transaction volume of Chinese e-commerce platforms can be credited to improved Internet infrastructure and an increase in cellphone users, state-run Xinhua news agency reported, as per the data from the National Bureau of Statistics.
|Image courtesy: www.joc.com|
China boasted the world’s largest 4G network and 361 million online shoppers by the end of 2014, majority of whom purchase goods online via e-commerce units such as Taobao, China’s largest online shop promoted by e-commerce giant Alibaba.
E-commerce has enabled farmers in rural areas to shop, connect, transact easily and also being acquainted with latest technology know-hows. With high internet availability and latest technologies, agriculture has got a boost by making the production faster, greener and safer.
Taking in to consideration the bright outlook, E-Commerce giants are making efforts to get a bigger share of the agricultural sector benefiting both the farmers and the business and ultimately the economy. Taobao.com has even launched an agricultural channel.
Recently China has been showing the world what it takes to leverage technology and e-commerce to boost up the country’s economy.