Listed companies’ value was calculated from the closing price on June 30, 2020, non-listed companies’ value was taken from the most recent valuation. In rural areas and smaller cities, GDP is growing much faster than in the major city centers, and consumers there will continue to drive growth. This report features our latest forecasts for retail sales, retail ecommerce, social commerce, mcommerce, digital buyers and the top ecommerce sites in China. The Cyber 5 set new US ecommerce records but still fell short of the massive expectations fueled by ... Best Buy and Target double their ecommerce sales this year, Thanksgiving and Black Friday ecommerce sales fell short of high expectations, Thanksgiving weekend online sales reach new heights but miss expectations. How much will retail sales in China grow in 2019? China's Richest. Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Profit from additional features with an Employee Account. ", Hurun Research Institute, Value of leading e-commerce companies in China in 2020 (in billion yuan) Statista, https://www.statista.com/statistics/1134335/china-most-valuable-ecommerce-companies/ (last visited December 08, 2020), Value of leading e-commerce companies in China in 2020, E-commerce revenue in China 2017-2024, by segment, E-commerce share of retail sales in China 2014-2019, Total e-commerce trade volume growth rate in China 2008-2019, Breakdown of e-commerce transaction value in China 2019, by type of e-commerce, Number of employees in the e-commerce segment China 2012-2018, by type, Listed companies in e-commerce China 2019, by category, Most valuable e-commerce companies in China 2020, Transaction volume of B2B e-commerce in China 2012-2019, Annual change of transaction value of B2B e-commerce in China 2011-2019, Revenue of China's B2B e-commerce market 2012-2018, SME B2B e-commerce platforms revenue in China Q2 2018-Q2 2020, Distribution of online retail sales China Q1 2018-Q2 2020, by e-commerce type, Online retail sales value in China 2019, by region, Online retail sales in goods value in China 2019, by region, Online shopping market share in China Q1 2018-Q2 2020, by device, B2C online retail market platforms' transaction share in China Q3 2020, GMV of China's import e-commerce market 2013-2021, Market size of social e-commerce industry in China 2014-2020, Transaction value of second-hand e-commerce in China 2015-2020, Local life service O2O market GMV e-commerce in China 2015-2019, Fresh food e-commerce GMV in China 2013-2019, Market value of live commerce in China 2017-2020, Number of China's mobile e-commerce users 2016-2020, Age group distribution of internet shoppers in China 2019, Ranking of ecommerce companies in Spain 2019, by revenue, Total and e-commerce U.S. retail trade sales 2000-2018, Share of e-commerce sales in total U.S. retail sales 2010-2020, Quarterly U.S. e-commerce retail sales 2009-2020, Global e-commerce market share of leading e-retailers 2019, U.S. holiday season retail e-commerce revenue 2014-2020, E-commerce revenue forecast in Poland 2017-2024, Leading e-commerce sectors by revenue in Spain Q4 2019, United States: retail e-commerce sales 2017-2024, Total retail and e-commerce sales in the United States 2018, by business, E-commerce value of U.S. apparel wholesale merchant trade 2006-2018, E-commerce sales of U.S. electronic shopping and mail-order houses 2018, Total and e-commerce U.S. merchant wholesale trade sales via MSBOs 2006-2018, E-commerce value of U.S. furniture wholesale merchant trade 2007-2018, E-commerce value of U.S. nondurable goods wholesale merchant trade 2007-2018, Quarterly U.S. desktop retail e-commerce spending 2007-2020, United States: retail e-commerce sales 2014-2024, U.S. holiday season e-commerce sales growth 2013-2020, Canada monthly e-commerce retail sales 2016-2020, Import cross-border B2C e-commerce platforms' market share in China Q3 2020, Contribution of e-commerce to GDP of Malaysia 2015-2019, Value of leading e-commerce companies in China in 2020 (in billion yuan), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre, generated more than 20 billion yuan from its new initiatives segment. India's Richest ... in-store appeal for consumers and move into the world of e-commerce with an effective omnichannel strategy that offers a … (July 10, 2020). For apparel, China’s largest e-commerce category, 85 percent of … … The e-commerce landscape in China is evolving rapidly as millions of consumers enter the middle class and local brands are proving to be increasingly capable … Register in seconds and access exclusive features. Skin care was the best-performing category. Read more. This growth will be fueled by an expected increase of more than 60% in the e-commerce customer base and a projected 40% or more surge in customer spending. The Executive Roundtable: David Cohen of the IAB on how digital advertising is adjusting to ... 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Which are the top retail ecommerce sites by sales in China? This report features our latest forecasts for retail ecommerce, mcommerce, digital buyers and the top ecommerce sites in China—as well as the latest developments in retail, social commerce and consumer behavior. As that growth takes place, China’s e-commerce China’s cross-border e-commerce industry currently has three key characteristics. You only have access to basic statistics. For ecommerce, China’s dominance means that 62.6% of all digital sales will take place in Asia-Pacific. While retail sales in China sputter in the face of economic and geopolitical challenges, ecommerce continues to thrive. By 2023, retail ecommerce sales will represent 63.9% of … We forecast that retail ecommerce sales will maintain strong growth through the end of our forecast in 2023. Value of leading e-commerce companies in China in 2020 (in billion yuan) [Graph]. THE UK MOBILE BANKING COMPETITIVE EDGE REPORT 2020: How the largest UK financial institutions rank ... Voice Assistant and Smart Speaker Users 2020. In 2019, the total trade volume of the retail e-commerce market of China reached 10.32 trillion yuan, up from 8.56 trillion yuan in 2018. The law is a framework for regulating China’s rapidly growing ecommerce market. Retail sales in China will grow 3.5% to $5.291 trillion this year. For instance, Amazon would be is the world`s most successful Company in the field of Electric Online business. Estimates are included for the following areas: Exportable files for easy reading, analysis and sharing. As soon as this statistic is updated, you will immediately be notified via e-mail. But retail ecommerce has continued to flourish in some surprising ways under these current circumstances. According to The NPD Group, e-commerce sales in China reached $710 million in August, up 61 percent year-over-year. In 2019, the added value of the digital economy accounted for more than one-third of … Digital buyer penetration and demographics. July 10, 2020. This supply scarcity is resulting in product availability challenges for retailers across industries—from auto m… In, Hurun Research Institute. With over $1.935 trillion in ecommerce sales, China was the biggest ecommerce market in the world in 2019. What’s Shaping Ecommerce in China in 2019? Asia-Pacific will account for 42.3% of retail sales worldwide, North America will capture 22.9%, and Western Europe will make up 16.2%. First, the scale of cross-border e-commerce transactions continues to expand, accounting for an increasing proportion of China import and export trade. facts. With 16.1% of all retail sales expected to … Guanghua School of Management, Peking University, Vice President, China/APAC and Global Ecommerce Practices, Cross-Border Retail Ecommerce Buyers in China, 2017-2022 (millions, % change and % of digital buyers), Product Categories in Which Cross-Border Digital Buyers in China Make Cross-Border Digital Purchases, Jan 2019 (% of respondents), Average Spending per Consumer in China, by Product/Service Category, 2017 & 2018 (Chinese yuan renminbi and % change), Retail Sales Share of Tier 3 Cities and Below in China, 2013-2018 (% of total retail sales), Mcommerce App User Share in China, by City Tier and Platform, Nov 2018 (% of total), Leading Product Categories that Urban Social Commerce Digital Buyers in China Have Purchased in the Past Year, Oct 2018 (% of respondents), Urban Internet Users in China Who Purchase Select Product Categories via Social Commerce Platforms, by Gender, Oct 2018 (% of respondents in each group), JPMorgan saw a surge in card payments over Black Friday weekend, Amazon Advertising sees lower spending growth on Black Friday compared with 2019, Kroger breaks into top 10 US ecommerce companies, Walgreens is the latest retailer to launch a media network in a bid for ecommerce channel ad spend. Second, the focus is mainly on exports, which is expected to continue the rapid development trend. Most valuable e-commerce companies in China 2020 Published by Yihan Ma, Nov 6, 2020 In 2020, Alibaba remained the most valuable e-commerce company in China… New, Everything you need to know about the industry development, Find studies from all around the internet. What are the key drivers of retail ecommerce sales in China? Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from. Number of online shoppers in China 2009-2020, B2B online platforms' market share in China 2018, Online shopping market gross merchandise volume in China 2013-2022, Penetration rate of online shopping in China 2009-2020. Accessed December 08, 2020. https://www.statista.com/statistics/1134335/china-most-valuable-ecommerce-companies/, Hurun Research Institute. 2 Analysis on Used Car E-Commerce Industry in China, 2011-2015 3 Competition Status of Used Car E-Commerce Industry in China, 2013-2015 4 Top 5 Used Car E-Commerce Enterprises in China, 2013-2015 North America and Western Europe are … Where do US consumers begin their product searches? Then you can access your favorite statistics via the star in the header. In 2019, overall e-commerce transactions exceeded 34.8 trillion yuan, increasing from around 31.6 trillion yuan the year before. China enjoyed a sizable uptick in sales, rising from just 2 percent year-on-year growth in 2016 to 8.3 percent in 2017. By 2023, retail ecommerce sales will represent 63.9% of total retail sales. E-commerce development in China China's e-commerce industry … In 2013, Alibaba had an e-commerce market share of 80% in China. Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Digital commerce players continue to innovate and recalibrate. Vipshop Holdings has a unique business model given its first mover advantage in the discount retailing industry, and is likely to benefit from the e-commerce boom in China. In FY17, China had over 750 million Internet users and a penetration of nearly 55%. China: Revenue in the eCommerce market is projected to reach US$1,117,204m in 2020. China, today, is characterised by mobile-first consumer behaviour, vibrant social commerce adoption, and a ubiquitous digital payments infrastructure. 3 Most Famous E-Commerce Companies in China 11/18/2016 04:56 am ET E-Commerce is one of the major trend of conducting trade in the 21st Century. China’s three largest e-commerce platforms Alibaba ($BABA), JD.com ($JD) and Pinduoduo ($PDD) have all released their earning results for … Please authenticate by going to "My account" → "Administration". China’s Ecommerce Law was passed by the Standing Committee of the National People’s Congress on August 31, 2018 and will go into effect on January 1, 2019. JD.com has a 16.7% share, while upstart Pinduoduo will grow much faster than any other site in the top 10. The giant discount retailer reported Tuesday that net e-commerce sales in China grew 104% from a year ago in the three months ended July 31. Alibaba is the undisputed leader in 2019, taking in 55.9% of retail ecommerce sales. As a Premium user you get access to background information and details about the release of this statistic. This feature is limited to our corporate solutions. At present, it accounts for 23.1 percent of overall retail spend. You can only download this statistic as a Premium user. 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