E-commerce industry surges in China in first half

BEIJING – China’s e-commerce sector raked in revenue of RMB4.98 trillion in the first half, up 45.3% on-year, according to data from the Ministry of Industry and Information Technology (MIIT). Consumption of information products and services jumped 20.7% on-year to RMB2.07 trillion and the output of smartphones surged 120% to 214 million units, paralleling a rise in mobile e-commerce.