China’s annual e-commerce transaction volume is expected to have soared 25% year-on-year to RMB13 trillion (around US$2.1 trillion) in 2014, according to data from the Ministry of Commerce. The Ministry noted that this figure includes both online business-to-business and retail transactions.

According to the report, online retail sales alone reached RMB2.8 trillion in 2014, up 49.7% YOY.

China’s consumption market maintained sustainable growth over the past year. The annual retail sales of consumer goods rose 12% YOY to RMB26.2 trillion during 2014.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.