The Chinese ecommerce market has grown substantially since the launch of ecommerce platform ecommerce portal Alibaba, with more than 60 million listings on its platform.
According to market research firm Zacks Research, ecommerce accounted for nearly 40 percent of the Chinese e-commerce market in 2017, which was a 25 percent increase from 2016.
This market is a big and growing opportunity for the Chinese market, especially as the ecommerce industry continues to grow.
According the Zacks report, e-tailers accounted for the majority of e-stores in China in 2017.
Ecommerce in China has been growing steadily, with e-shops in 2016 growing by 24 percent to 2.65 million listings.
There are currently approximately 1.4 billion online shoppers in China, which is more than one-third of the world’s population.
The market is also growing fast.
The Zacks Global eCommerce report notes that ecommerce accounts for nearly 20 percent of all commerce in the country, which ranks second only to retail.
China’s e-Commerce market is growing faster than any other country in the world.
According to a recent survey by e-china, eCommerce accounted for more than three-quarters of online shopping revenue in China and accounted for 40 percent of online purchases in 2018.
In 2018, Chinese eCommerce sites generated $1.09 billion in revenue and had an average online user base of nearly 13 million.
The top five eCommerce companies in China are listed below:1.
Alibaba (NASDAQ:BABA) 2.
Shopping carts 3.
Charts eCommerce 4.
Panda (NYSE:COPP) 5.
Diaopod (NASTS:DIA) Top 5 eCommerce Sites in Asia Pacific: 1.
ecommerce.com.hk (NAS:ECOM) Source: ecommerce sites.blogspot.com