Below Finance Monthly speaks to Ronnie D’Arienzo, Chief Sales Officer, PPRO Group, who lists some ways we can all learn from China’s excellent performance in this sphere. In 2017, retail e-commerce sales worldwide amounted to 2.3 trillion US dollars and e-retail revenues are projected to grow to 4.88 trillion US dollars in 2021. Based on estimated 2015 data (Figure 2), we have forecasted the scale change of pharmaceutical E-commerce. The penetration of multinational corporations in Chinese consumer markets is higher than the penetration in US markets, but they In 2019, Alibaba's Tmall, JD.com, and Pinduoduo ranked as the leading three Chinese e-commerce retailers, accounting for nearly 80 percent of the total online retail sales in the country. Their overall efficiency are improved, ... Market landscape in China . The Middle Kingdom’s near 1.4 billion population, its traditional and innovative products together with the government’s censorship have created a prospering economy – online and offline. The overall trend is that online sales in Europe are mainly generated by companies selling consumer electronics, fashion, homeware, personal care products and footwear. — China’s consumer market is likely to remain buoyant on the back of rising incomes. This year, China’s Singles’ day set a new record with US$30.8 and 27% growth when compared to last year. Research and Markets: CHINA'S E-COMMERCE LANDSCAPE: China's E-Commerce Transaction Volume Will Reach US$1.3 Trillion by the End Of 2012 February 04, … Regional e-commerce sales share of global e-commerce. Traditional markets are only expected 2% growth during the same time. ASIAN DEVELOPMENT BANK 6 ADB Avenue, Mandaluyong City 1550 Metro Manila, Philippines www.adb.org Embracing the E-commerce Revolution in Asia and the Pacific Asia is the world’s largest e-commerce marketplace and continues to grow rapidly. China’s e-commerce market is the largest in the world and already represents more than 40% of the total global e-commerce spending. China’s e-commerce market continues to see high double-digit growth year on year. The market is driven largely by millennials who love fast fashion and want to find the best price possible. In e-commerce, China accounted for less than 1 percent of the value of worldwide transactions only about a decade ago; that share is now more than 40 percent. Cross-border e-commerce forecast to account for 22% of global e-commerce by 2020. E-commerce in China is estimated to exceed 5000 billion RMB in 2015. China announced a mere 6.7 percent economic growth in July 2018, the lowest growth rate since 2016. UnionPay is not left behind too much with 23.89%, while Tencent Finance takes a market … The China E Commerce Landscape With three times the size of the US market, the e commerce sector in China is the largest in the world. The larger population of Saudi Arabia and the oil industry's early adoption of online B2B sales systems means it dominates the Middle East e-Commerce landscape. China is home to dynamic digital innovators and is a leading global investor in the latest technologies. In 2018, the total size of the Japanese e-commerce market was 166 billion USD (1 USD = 108.37 JPY). The Japanese e-commerce market is broken into 3 categories: 51.7% retail, 37.0% services, and 11.3% digital content. As you likely already know, China’s e-commerce sector is the biggest in the world right now. Yet, since decontrol of prescribed drug sales will be gradual, the anticipated growth of the pharmaceutical E-commerce market will be steady as compared to the explosive growth seen in the traditional E-commerce industry. Chinese e-commerce giant Tmall.com continues to dominate its market, generating rapid growth that serves as a good barometer for the fortunes of parent company Alibaba Holdings . The global retail e-commerce market size was valued at USD 4.25 trillion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 9.4% from 2020 to 2027. On the other hand, total retail e-commerce is predicted to grow by 20% (combined annual growth rate) to become a $4 trillion market by 2020. Top Chinese E-Commerce Stocks to Buy in 2019 Combine a fast-growing sector with the world's most populous country and you get a ton of potential growth. China’s e-commerce exports have the following features: developed and emerging BRIC economies are major destinations; 3C electronic E-commerce market. Still, China will surpass the US to become the largest retail market in the world for the first time—with $5.072 trillion (RMB35.043 trillion) in sales—as the US market … With 243 million of e-shoppers and an annual increase of 30 million new users, China E-commerce is taking more and more share in the global e-commerce market. China’s cross- border e-commerce is largely based on exports, judging from its composition over the years. Despite a slowdown in overall economic growth, Chinese e-commerce … We forecast that retail sales in China will shrink by 4.0% this year. China is the growth engine of the world’s luxury goods sector. Cross-border e-commerce in China will hit $85.76 billion this year, up from $57.13 billion in 2015, as 40 percent of China’s online consumers buy foreign goods, according to a new analysis by digital marketing researcher eMarketer.. EMarketer estimates that each of China’s digital shoppers this year will spend an average of $473.26 on foreign goods, up from $446.33 last year. In 2017, e-commerce amounted to 6.3 trillion yuan, accounting for more than 78% of total transactions. The Double 11 event on 11 November 2017 – also known as Singles’ Day, when single people in China celebrate, and which has become a popular shopping holiday – was a clear example of how China’s consumption-led economy is evolving digitally. The main aspect of ecommerce involves doing business on the web and includes: Business to business (B2B) trading which involves a business such as a company trading with another business on the world wide web. Top 100 E-Commerce Retailers in Europe. Brands and retailers need to continuously innovate to keep pace with the growing list of … Increasing usage of smartphones and the convenience of purchasing daily essentials and luxury products from the comfort of home is primarily driving the growth. E-commerce markets are growing at noticeable rates. With the diversification and increased sophistication of the small business, the marketplace is expanding in the area of e­commerce. E-commerce accounted for over 23.0% of the China market in 2017. To reduce the “pain” level of online shoppers, major e-commerce players in China seek total logistics solutions 19 Source: iResearch, company websites, compiled by Fung Business Intelligence The landscape of online payment methods in China has changed dramatically since we updated the article last time. 1. Global B2C E-commerce Industry September 2020 $ 5450 Global E-commerce Payment Industry July 2020 $ 4950 E-commerce Plastic Packaging Market - Growth, Trends, Forecasts (2020 - 2025) August 2020 $ 4250 The Environmental Impact of E-Commerce 2020 January 2020 $ 2150 Overview of the e-commerce landscape in China The Chinese marketplace is competitive, with international and local brands fighting for the attention of consumers and their share of the market. The e-commerce landscape in Japan. China has overtaken the US as the largest e-commerce market in the world and still has plenty of room to grow. Over the past 10 years, e-commerce in China has evolved from covering a few physical product categories, such as books and electronics, to now accounting for a significant percentage of total commerce in the country (close to 7 percent). In 2015, the cross-border e-commerce market accounted for US$300bn in Gross Merchandise Volume (GMV), about 15% of e-commerce overall. However, the UAE is not far behind, with e-Commerce sales reaching US5.0bn in 2015, a y-o-y increase of 62.9%. Yet, luxury e-commerce penetration in China is just 10%. Mobile and internet market avenues has allowed B2B, B2C, e­financial services, e­-tailing and online marketplaces a venue for anyone to sell or market … South Korea e-commerce market is the 6th largest worldwide (behind China, the US, UK, JP, Germany) Please note that from eMarketer, Retail e-commerce sales includes products or services ordered using the internet via any device, regardless of the method of payment or fulfilment; excludes travel and event tickets; converted at the exchange rate of US$1=KRW1,053.3. Despite a desire for bargains, UK shoppers spend a huge amount online annually – nearly $1650 USD per shopper, with an overall market … As E-commerce is a key part of the current retail landscape, we believe it deserves a prominent role in our database on European retail. Global FMCG retail is pegged at $4 trillion today, growing at a rate of just 4%, with signs of continuing sluggish performance in developed markets. This share of e-commerce was larger than any other country in the world. The eCommerce market encompasses the sale of physical goods via a digital channel to a … The Chinese consumer market goes global New ideas and innovations created in China are now having a more significant impact around the world, from the growth of new sales events like Singles Day to new brands and concepts. Why foreigners dominate PH e-commerce market activity Local players only led in social media activity, accounting for 75% of e-commerce from Facebook, Instagram, Twitter Philippine Daily … Ecommerce businesses are fast gaining grounds and changing the way of doing business. The successful launch of the first Internet fund, ... with a 19% share of the overall B2C market, after Tmall’s 61% of market share13. CHINA’S E-COMMERCE PLAYERS AND RETAILERS ARE TAPPING INTO THE BURGEONING INTERNET FINANCE SECTOR AUGUST 2015 ... the landscape of the financial sector in China has changed abruptly. A few weeks back China’s 1.3 billion population celebrated Chinese New Year and the start of the Year of the Dog. China’s retail market is expected to decline for the first time on record. Digital China is already more advanced than many observers appreciate. Indonesia: Revenue in the eCommerce market is projected to reach US$30,309m in 2020. The online market is expected to grow by 56% in 2015–2020. Ecommerce Benchmarks and Market Data - Ecommerce Conversion Rate, Sales, Channels, Costs for online Markets. The figures are ... IRP Commerce Limited, Concourse 3, Catalyst, BT3 9DT, UK. Based on data of Q4, 2017, Alipay keeps leading the market with a market share of 24.50%. 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