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November 7, 2017

Retail Gazette – Why China’s ecommerce boom is great for British retail

“China is one of the largest and fastest growing ecommerce markets in the world. The country now has one billion internet users and increasing numbers of people are using mobile devices to shop on-the-go.

 

As the market evolves, opportunities emerge for UK fashion brands and retailers to sell their goods online to Chinese shoppers.

 

Online marketplaces make it easier for small businesses to sell goods and services to global customer bases, leading to the rise in a new, digital “iStreet”, according to a report by international payment experts WorldFirst and the Centre for Economics and Business Research (Cebr).

 

They also estimate that iStreet sellers contributed £11 billion to UK exports in 2015 via sales made on online marketplaces.”

 

 

Read the full article here.

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