Over Half of All the World’s Online Retail Purchases Take Place in China: yStats.com Report
Online business research firm yStats.com has published a new report focused on the global leader in online retail sales. “China B2C E-Commerce market 2019” provides insights on the recent sales figures and projections for future growth in online retail in the Asian nation, including the finding that China’s already large share of total global Internet-based purchases is expected to increase in the next few years.
Through the continued integration of online and offline retail sales, termed “new retail” as well as other trends, China’s piece of the worldwide online retail pie, already over half, will grow even larger in the next few years. Varying sources cited in the yStats.com report project continued double digit year to year growth in online sales in China through 2023. Contributing to this growth are the trends of social media shopping and mobile commerce. Close to 80% of all mobile shopping globally takes place in this one nation. Another trend is cross-border shopping as online shoppers in China are increasingly shopping outside of their borders, and China is a popular destination for web shoppers around the world.
Two online merchants prevail in Chinese B2C E-Commerce
Global online merchant Alibaba controlled over half of online retail sales in China last year according to sources referred to in the yStats.com publication, closely followed by JD.com, another China-based global seller. Both enterprises have recently advanced the move toward omnichannel or “new” retail as Alibaba invested in a large furniture retailer and JD.com bought into a domestic appliance chain. JD.com has also opened its first clerk-less convenience store. Both large companies have taken note of the social commerce trend and have explored partnership with social media platforms.
For further information, see: https://www.ystats.com/wp-content/uploads/2019/09/2019.09.11_Product-Brochure-Order-Form_China-B2C-E-Commerce-Market-2019.com_.pdf
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Founded in 2005 and headquartered in Hamburg, Germany, yStats.com is one of the world's leading secondary market research companies. We are committed to providing the most up-to-date and objective data on Global B2C E-Commerce and Online Payment markets to sector-leading companies worldwide.
Our multilingual staff researches, gathers, filters and translates information from thousands of reputable sources to synthesize accurate and timely reports in our areas of expertise, covering more than 100 countries and all global regions. Our market reports focus predominantly on online retail and payments, but also cover a broad range of related topics including M-Commerce, Cross-Border E-Comerce, E-Commerce Delivery, Online Gaming and many others. In addition to our wide selection of market reports, we also provide custom market research services.
We are proud to cooperate with companies like Bloomberg and Thomson Reuters. Given our numerous citations in leading media sources and journals worldwide including Forbes and the Wall Street Journal, we are considered one of the most highly-reputed international secondary market research companies with an expertise in the areas of B2C E-Commerce and Online Payment.
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