China’s eCommerce boom is showing no signs of relaxing according to new figures released this week by the China E-Commerce Research Center (CECRC).

The total market expanded by 31 per cent in 2014, with an estimated value of 13.4 trillion yuan (US$2.2 trillion).

The B2B market reached 10 trillion yuan, up 21.9 per cent while the online retail trade reached 2.82 trillion yuan, up 49.7 per cent.

Online retail and B2B business combined accounted for 21 per cent and 74.6 per cent of the market respectively.

CECRC analyst Zhang Zhouping reported that by the end of 2014, more than 2.5 million people worked directly in eCommerce and more than 18 million indirectly.