China is likely to soon surpass the United States to become the world’s largest online shopping country. A report from consulting company Bain shows China has caught up with the US. Here’s a breakdown of numbers.
In the US -- online sales exceeded 1 billion US dollars on Black Friday and reached nearly 2 billion dollars on Cyber Monday last year. But China’s Single’s Day sale alone pulled in more than 3.1 billion dollars last year. This year -- online sales will surpass 2.3 billions dollars on Black Friday and Cyber Monday but China’s Single’s day sale, which is on-going right now--two hours left is expected to reach more than 5 billion dollars.