{"product_id":"china-b2c-e-commerce-market-2022","title":"China B2C E-Commerce Market 2022","description":"\u003cp\u003eChina B2C E-Commerce Market 2022\u003c\/p\u003e\n\n\n\n\u003cp\u003eChina is to remain the world’s largest online retail market: new yStats.com report\u003c\/p\u003e\n\n\n\n\u003cp\u003eChina accounts for more than half of global online retail and experiences ongoing growth of online and offline integration\u003c\/p\u003e\n\n\n\n\u003cp\u003eThe whole of Asia-Pacific, including China, underwent significant changes in the payment industry after the COVID-19 onset in 2020, noting a considerable development in online and mobile payments. China is also currently generating more than one-half of global retail E-Commerce sales of products and services. Additionally, mobile payments as a payment method in the region were rapidly adopted and are expected to evolve even further in the upcoming years. Furthermore, the size of China’s B2B cross-border E-Commerce market is forecasted to grow by over 160% between 2021 and 2025, whereas the annual growth rate was predicted to decline steadily after hitting a peak in 2022.\u003c\/p\u003e \n\n\n\n\u003cp\u003eMobile shopping, social and cross-border commerce drive the online retail market in China\u003c\/p\u003e\n\n\n\n\u003cp\u003eMobile is the main device used in China not only to connect to the Internet, but also to make digital purchases. Therefore, it is not surprising that Livestream E-Commerce emerged as a big evolving trend in China. The amount of Live Commerce users reached 62.4% of the total number of Internet users during 2020 and the number of livestream users increased by approximately 55% from 2018 to 2020, according to a source cited in the yStats.com report. Furthermore, almost half of the Chinese online shoppers increased their purchasing frequency as of 2020.\u003c\/p\u003e\n\n\n\n\u003cp\u003eAlibaba and JD.com hold a duopoly of Chinese retail E-Commerce market\u003c\/p\u003e\n\n\n\n\u003cp\u003eAs of 2021, Alibaba and JD.com are the largest B2C E-Commerce market players in China, with a current joint market share of more than 60%. However, according to a source cited in the yStats.com publication, Taobao and Pinduoduo were the most popular online marketplaces in China. In Q2 of 2021 Taobao had close to half a billion average monthly visitors, which was the highest marker compared to figures of other B2C E-Commerce sites in the country.\u003c\/p\u003e","brand":"Technology \u0026 Media","offers":[{"title":"February, 2022 \/ 78 Pages \/ MCW16285512","offer_id":47714926919986,"sku":null,"price":3960.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/china-b2c-e-commerce-market-2022","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}