Turnover of Tmall.com and Taobao.com, two major Chinese online shopping platforms, surpassed 1 trillion yuan. (Photo/China.org.cn) |
The e-commerce boom is bringing reforms to the fields of manufacturing, consumption and logistics. Meanwhile, it also serves as a major driver behind job creation and consumption boost.
Some small manufacturers are now making production plans according to orders received on e-commerce platforms. Alibaba has lent 19 billion yuan to small businesses in accordance with their operations on the two platforms.
The pair have helped create four million direct jobs, according to Alibaba.