Lai Haisong, CEO of Chinese package delivery company ZTO Express, rings the opening bell at the New York Stock Exchange to celebrate the company’s IPO, Oct. 27, 2016. (Photo: China News Service/Liao Pan)
China’s e-commerce has soared over the past five years, especially in mobile payments and the sharing economy. Data shows mobile payments reached over $4 trillion and online retail sales in China hit 5.2 trillion yuan ($752 billion).
