Chinese Consumers Go Mobile

"In the US, e-commerce is just online shopping. In China, e-commerce is a lifestyle," said Jack Ma, founder of Alibaba, which went public on Nasdaq In September 2014 and raised $25 billion to become the largest initial public offering in history. Alibaba's rise symbolizes the breaknecek growth of China's Internet and e-commerce sectors. By 2016, China will have 730 million Internet users and 380 million online shoppers, up from 460 million and 145 million in 2010.