The Chinese retail market is poised to become the first in the world to be dominated by e-commerce transactions as Lunar New Year retail sales beat expectations amid a pandemic-driven economic slowdown.Research firm eMarketer expects 52.1 per cent of China’s total retail sales to come from e-commerce transactions in 2021, increasing from 44.8 per cent last year.“That means that for the first time anywhere, a majority of retail sales for an entire country will transact online,” said the firm in…


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