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Online retail sales in China grow 50% to nearly $450 billion in 2014

China blew by the United States in online retail sales in 2013, and the gap no doubt widened considerably last year. Consumers purchased 2789.8 billion yuan ($449.12 billion) worth of goods and services online in China last year, an increase of 49.7% over 2013, China’s National Bureau of Statistics reported this week at a press […]

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