Beijing (CNS) – China will develop into the second-largest B2C e-commerce market by 2017, only second to the United States, according to a report Monday by Jones Lang LaSalle, a professional services and investment management company specializing in commercial property.
The report said online retail sales all over the world are expected to exceed $1.2 trillion by the end of the year.
By 2020, China's e-commerce turnover will reach $1 trillion, and the fast-growing B2C e-commerce has driven e-retailers to demand more space for logistics storage, according to the report.
The booming e-commerce has been bringing huge benefits to China's logistics real estate, with large numbers of warehouses being built in China's top cities. And in 2011, more e-retailers began building their own distribution centers in inland cities to expand their development space.
The report also pointed out that developing markets in Asia-Pacific area lag behind developed markets in the development environment for e-commerce. However, the revolution of e-commerce environment, goods purchasing, warehousing, as well as distribution in the next five years will narrow the gap, with the growth rate of online sales in China, India, and Indonesia expected to top the world by 2017.
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