Despite China's present economic woes, a brighter story is that e-commerce is growing bigger and more quickly than in the US, with the country emerging as the new global leader for combining technology and retailing by integrating online and offline buying. This is highlighted by two acquisitions in the past two weeks, with Amazon + eBay + Paypal taking a stake in retailer, Suning, and Walmart's takeover of China's online retailer Yihaodian. Analysts believe that this contemporary form of Chinese commerce will be essential to China's recovery.
Despite China's present economic woes, a brighter story is that e-commerce is growing bigger and more quickly than in the US, with the country emerging as the new global leader for combining technology and retailing by integrating online and offline buying. This is highlighted by two acquisitions in the past two weeks, with Alibaba taking a stake in retailer, Suning, and Walmart's takeover of China's online retailer Yihaodian. Analysts believe that this contemporary form of Chinese commerce will be essential to China's recovery.