China Internet Sector Highlights:
- China eRetailing sales topped $410 billion in 2013 and is projected to reach $650 billion by 2020; a 59% increase in sales
- When accessing the internet, 83% of Chinese users were more likely to use a mobile device versus a pc.
- 4.3% of retail sales in China are done via the internet vs 1.1% in the US
- Alibaba, one of the largest internet companies in the world, will IPO in 2H 2014 and should be added to KWEB 11 days after it IPOs
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