Chinese shoppers set to become world leaders online

By Paul Carsten SHANGHAI (Reuters) - China's e-commerce market is expected to leapfrog that of the United States this year to become the world's largest by total customer spending, management consultancy firm Bain & Company says. Online spending could account for half of all Chinese retail spending within a decade, according to Chinese e-commerce firm Alibaba Group. The change in shopping habits comes as almost half of the country's 1.3 billion population now have direct access to the Internet, and of that number nearly 80 percent own smart phones or tablets. ...

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