date:Dec 24, 2013
gures, especially in China where e-commerce is taking off rapidly. China had a $200-billion sales record in e-commerce last year with companies such as Alibaba being the major boost to the online economy and the growing number of Internet users in China (which currently is around 590 million - more than the whole US population).
We expect to see Wal-Mart and the Gap grow in China through both adding physical stores and expanding their online capability, said Song.