BEIJING - Despite an anemic economy, China's e-commerce trade soared in 2014 thanks to improved Internet infrastructure and an increase in cellphone users.

Transaction volume of Chinese e-commerce platforms totaled 16.39 trillion yuan ($2.68 trillion) in the last year, up 59.4 percent year on year, data from the National Bureau of Statistics showed on Monday.

Confronted with sluggish domestic demand, China is counting on e-commerce to lead a new wave of consumption and prop up economic growth.