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Overview
China E-commerce is rapidly increasing in recent year. The E-commerce transactions in 2014 realised 13 trillion Yuan with an increase of 25%. 2014 China's Mobile Commerce market transactions annual growth rate was 234.3 percent. At this year's NPC &CPPCC Congress China's premier Li Keqiang has introduced a new “Internet Plus” policy, the State Council executive meeting made it clear that it will guide venture capital fund aimed at supporting E-commerce start-ups, and opening doors wider for foreign investment in e-commerce business stake limit. Meanwhile, increasing use of IOT, Wearable, Cloud Computing, Big Data, 3D Printing, will greatly blend physical and virtual shopping experience. Elevated market transparency and the large amounts of data information, is accelerating the change in Consumer Behaviour. In 2014, the consumers of global luxury goods consumption in China reached US $ 106 billion. Thus calculated, the Chinese 2014 taking 46% of the global luxury goods, only a quarter of consumption took place domestically. The government has also recently been working to lower prices on luxury goods, according to a statement by Ministry of Finance, since 1st June 2015, China will slash import tariffs on consumer goods including skincare products, Western-style clothes and diapers by an average of over 50 percent. Suits, Fur import tariffs by 14% -23% to 7% -10%, short boots, sport shoes from 22% -24% to 12%. Import diapers from 7.5% to 2%, and skincare from 5% to 2% respectively. Ministry of Commerce in China predicted that in 2016 China's Cross-border E-commerce import and export volume will grow to 6.5 trillion Yuan, with an Annual growth rate of over 30%. In 2014, Chinese Mobile Commerce was witnessed a massive explosion, mobile shopping , mobile payment, mobile banking users had an annual growth of 63.5% , 73.2% and 69.2% respectively, higher than that of other mobile apps. And the gloomy Mobile Booking market boomed in 2014, the users had an annual growth at 194.6, won the Fastest growing Mobile App of the year. With the rise of E-commerce, Retail Market is evolving from "Supply-Driven" to "Demand-Driven", in response, re-evaluate their entire enterprise, including the talent, processes and technologies, thinking beyond and redefine the retail game rules. Insightful keynotes, panel discussions and workshops on Asia and China's E-commerce strategy, Cross-border commerce, internet plus and O2O, provide the premier networking, learning, and experiential summit that sets the strategic direction for Retailers and their suppliers. Event Highlights:
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