Despite some forecasts projecting a slowdown in ecommerce in China, a new report from Goldman Sachs sees the world’s largest online market continuing to boom over the next four years. The report pegged Chinese ecommerce sales at $750 billion in 2016 sales, coming from 460 million online shoppers, and projects a CAGR of 23% through 2020 – nearly triple the rate of offline sales. See what categories and companies are leading.
In an effort to keep up with recent moves by competitors FlipKart and Amazon, Indian ecommerce marketplace SnapDeal has launched SnapDeal Gold. The Indian marketplace boasts that the service will provide no shipping charges, free next day delivery and an extended 14-day return policy. See what else this new service will offer SnapDeal customers.