More and more companies are targeting lower-tier cities as a part of their expansion strategy and adopting new initiatives to keep up with the current China eCommerce market trends. So it is only fair to expect expansion and innovation in the market as technology shapes Chinese consumers’ new shopping habits. Trends in the China eCommerce MarketĬhina is the most prominent leader in eCommerce with a market size three times bigger than its closest counterpart, the US. The list of the biggest Chinese online retailers continues with for electronics, Kaola for high-quality “Western” products, and Xiao Hong Shu (Little Red Book) for young people’s lifestyle shopping. Right now, JD.com follows Alibaba with a market share of 15%-20% in the China eCommerce scene. In 2014, JD formed a strategic partnership with Tencent, the leading technology company in China. While there are third-party vendors who deliver their products to consumers, JD.com also sells items directly to consumers. JD.com is a B2C online retail and a marketplace platform at the same time. JD.com JD, also known as Jingdong (formerly 360buy) is the biggest competitor of Tmall by Alibaba. Tmall has a market share of 50%-60% which puts Alibaba’s market value at $480.8 billion.Ģ. Tmall is the third most visited website in the world and it is the top cross-border eCommerce marketplace in China. International as well as local Chinese businesses are able to deliver brand-name goods to consumers within China. , formerly Taobao Mall, is an online B2C marketplace that operates via registered sellers on the platform. Tmall by Alibaba Group Of course, the first platform on the list is owned by Alibaba. However, market research shows that the top eCommerce websites in China are:ġ. Of course, everyone has their own personal opinions on which one is the best eCommerce company in China, and it is a matter of preference. There are some big names everyone around the world is familiar with when it comes to the top eCommerce websites in China. With a market size of almost $2 trillion US dollars, 190 thousand businesses, and 1.5 million people employed in the industry China’s online shopping adventure is sure to grow. This number hit 749 million users at the end of the first half of 2020. In 2017, the buyer penetration rate reached almost 45%. It jumped from 34 million users in 2006 to a whopping 610 million users in 2018, which made a breakthrough in the eCommerce sector of China. The number of people who shop online has shown a tremendous growth recently.
Chinese online retailers are not only here to stay but will be the future of shopping. China eCommerce data shows that there has been a boost in the number of companies that have switched to an online business model to survive the hard times. With the latest COVID-19 outbreak, more and more people have become comfortable with making their purchases online. In addition to the increase of mobile Internet users and the continuous improvement of online business services, the COVID-19 pandemic seems to be playing a role in the solid rise of the Chinese eCommerce market as well. According to projections by Statista, China’s online retail sales would exceed 3.6 trillion dollars by 2025. In 2021, China’s retail e-commerce sales value was estimated to be over 2.49 trillion US dollars, which amounts to 15% market growth year on year. To enter the China eCommerce market, it’s crucial for merchants to build a robust website, so you should pick a trusted web development agency for a successful shift to online.ĭuring the coronavirus pandemic, China’s e-commerce retail sales grew rapidly. The top eCommerce websites in China, due to its 1.4 billion residents, are some of the biggest in the world. On the verge of becoming a cashless society, China is on top of the eCommerce game and is highly sought after by foreign investors. Not to mention that the consumer gets to access a wider range of suppliers than they would if they were having a shopping spree at their local venue since the majority of the suppliers ship anywhere in a competitive period of time. Most of the online operating suppliers are able to cut down on rent by not having brick-and-mortar shops, and that reflects on prices. Top eCommerce websites allow the average consumer to compare prices and, most of the time, find a better deal than stores on the street offer. Online shopping has become more common over the past years with the latest developments in technology, the Internet becoming an increasingly important place, and more people having access to online platforms. What are the Biggest Chinese Online Retailers? What Are the Online Shopping Industry Statistics for China Ecommerce Market? (Market Size, Number of Online Shoppers, Etc.) How Has China’s Ecommerce Market Changed Over the Past Five Years? A Comprehensive Guide to E-Commerce in China – 2022
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