JD.ID's gross
merchandise volume grew more than nine-fold last year, according to Li, who didn't provide a base figure.
Not exact matches
At the same time, capital flows have
grown to become several times larger than trade flows, with
merchandise trade only accounting for just over 1 percent of daily foreign - exchange trading
volume, according to the United Nations Conference on Trade and Development.
In a press release, the Chinese online retailer said that, in 2016, 82 percent of the gross
merchandise volume was settled through Alipay, underscoring Chinese consumers»
growing preference for digital payments.