In the first three quarters of 2020, China’s online retail sales exceeded 8 trillion yuan, a year-on-year increase of 9.7%. Online retail sales of physical goods reached 6.6 trillion yuan, a year-on-year increase of 15.3%. Online retail is accelerating the digital transformation of market players, giving birth to new business models, improving the efficiency of the industrial chain, supply chain, and value chain, and fostering…
China e-commerce
Who is the China e-Commerce Number 1, Alibaba, JD or Pinduoduo?
Due to the Pendamic this year, e-commerce has undoubtedly ushered in explosive growth. This is especially true of Chinese e-commerce. In terms of the number of users, the annual active users of the three major e-commerce companies, Alibaba, JD, and Pinduoduo, have continued to rise. Ali is close to the ceiling of the industry, while JD.com has stepped out of its previous decline, and user…
China Online Shopping Exceeded RMB 10 Trillion Last Year
Currently, the National Bureau of Statistics of China released the 2019 China Economic Development New Momentum Index. In 2019, China’s economic development new momentum index was 332.0, an increase of 23.4% over the previous year. Among them, the network economy performed very well and contributed the most to the growth of the new momentum index. Last year, China’s emerging consumption developed rapidly, and online shopping…
Growth Opportunities for China e-Commerce in 2020
Where will China’s new e-commerce traffic come from in 2020? What changes have happened to e-commerce in 2019, and where are the new growth opportunities for e-commerce in 2020? Live e-commerce (selling via short video) In the first half of 2019, the hottest thing in the e-commerce industry is live e-commerce. In February 2019, the Taobao Live Broadcast Independent App was launched. In July 2019, the…
Market Share Update of E-commerce in China, 11-11 of 2017
The special day of 11-11 just passed in China. Those giants in e-commerce showed dominant in market share, while other vertical players operate harder than before. Of top 20 e-commerce platforms in China, this 11-11 generated delivery packages of 1.38 billion, with total revenue of US$39.07 billions. Here’s the share list of top 5. Tmall: 66.2% JD: 21.4% Suning: 4.3% Vipshop: 3.4% Amazon China: 2.0% Others: 2.6% Those verticals, e.g., Jumei, Beauty…