China' s e-commerce development in the past decade

When China’s largest online retailer, TaoBao.com was set up in 2003, only a handful of individual e-shops were trading online, mainly in second-hand goods.

The trading volume was less than 100 million yuan. Since then, as more and more people are engaging in online trading, C2C and B2C businesses grew at an astounding pace in the following years.

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