E-commerce wave threatens to engulf small businesses

Tough times for traditional shopkeepers as online sales blossom, reports Bloomberg.

Hunched over the counter of his tiny, gadget-filled stall in Beijing's vast Hailong Electronics City, Wang Ning bemoans a week without a single sale.

"It's dying," said Wang, shaking his head as he looks out at abandoned stores and torn promotional posters in what was once the busiest market in the Zhongguancun area, known as China's silicon valley.