WAL-MART And Gap Enter China Internet Sales
Introduction: the world's number one retailer Wal-Mart And American clothing brands Gap Will open Shop March to thrive Chinese Market 。
(WAL-MART will use its online platform for online sales).
According to the financial newspaper, WAL-MART will use its online platform to sell online Sam stores in China.
Eduardo Castro-Wright, head of WAL-MART's e-commerce department, has expressed its longing for investors to enter the Chinese Internet sales market in early October.
According to the financial times, Gap will launch online stores by the beginning of next month, following the announcement that four franchised stores have been opened for the first time in China and Shanghai this year.
(Gap will launch online stores early next month)
According to data from Beijing based iResearch, China's Internet sales rose 117% to $39 billion last year.
China has the largest number of Internet users in the world, more than 420 million.
WAL-MART hopes that China will become the second largest e-commerce market in the next five years, second only to the United States, before Japan and the United Kingdom.
According to the financial times estimates, China's Internet sales will reach $230 billion this year, compared with $490 billion in the US.
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