China e-commerce market to hit $1.1T by 2020, India $75B

Total online retail revenue for China, Japan, South Korea, India, and Australia will hit US$1.4 trillion in 2020, and is already larger than the combined online retail markets of US and Western Europe.

these five Asian online economies already outpace the combined online retail markets in the US, and all of Western Europe, according to Forrester, with China and India the two largest and fastest-growing markets worldwide. Having surpassed the US market in 2015, China remains the world's largest e-commerce market, despite seeing its economic growth dip below 7 percent for the first time since 2009.