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- E-commerce in China is the largest in the world123. In 2020, China’s online retail transactions reached more than 710 million digital buyers, and transactions reached $2.29 trillion1. The added value of the digital economy accounted for nearly 40 percent of the country’s GDP in 20212. More than a quarter of China’s physical goods retail sales were sold online, far above the global average of 18.8 percent2. The e-commerce sector has created over 67 million jobs2. Local Chinese tech champions such as Alibaba Group, Tencent and JD dominate a rapidly growing e-commerce ecosystem, mostly within China3.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.China is the largest e-commerce market globally, generating almost 50 percent of the world’s transactions. According to eMarketer, China’s online retail transactions reached more than 710 million digital buyers, and transactions reached $2.29 trillion in 2020, with forecasts to reach $3.56 trillion by 2024.www.trade.gov/country-commercial-guides/china-e…In 2021, the added value of the digital economy accounted for nearly 40 percent of the country’s GDP. More than a quarter of China’s physical goods retail sales were sold online, far above the global average of 18.8 percent. Furthermore, the e-commerce sector has created over 67 million jobs.www.statista.com/topics/1007/e-commerce-in-china/
China leads the world in e-commerce. More than 40% of the world's e-commerce transactions currently take place in China, up from only 1% about a decade ago. Local Chinese tech champions such as Alibaba Group, Tencent and JD dominate a rapidly growing e-commerce ecosystem, mostly within China.
www.weforum.org/agenda/2018/09/five-trends-sha… - People also ask
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WEBThe Statista study “E-commerce” looks at what Chinese consumers think about online shopping and the big online stores. In addition, consumers were asked which products they buy online and ...
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WEBJul 1, 2024 — China's e-commerce industry has enjoyed above-average growth in the last few years. In 2022, gross merchandise volume on online shopping amounted to about 13.8 trillion yuan, while around...
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WEBMar 28, 2024 — China is by far the biggest e-commerce market in the world as seen in figures from Statista Market Insights. This year, e-commerce sales in the country are standing at $1.24 trillion.
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