Forecast: e-commerce in China to value $1.8tn in 2022

September 13, 2018 by
Nico Hoeijmans

ChinaAccording to Tamebay, a new report by Forrester called 'Ecommerce in China, Trends and Outlook for the Largest Ecommerce Market in the World', states the value of e-commerce in China is predicted to reach $1.8tn in 2022. It means that the Chinese market will be worth twice as large as that of the United States. At the same time, it is predicted to be ten times more valuable than the Japanese market, which is predicted to be worth $713bn (USA) and $159bn (Japan) in 2022 respectively. Mobile e-commerce (m-commerce) will continue to be crucial in the Chinese market. About 76% of all online shopping will happen on mobile devices. Mobile payments will remain the most popular payment method.

Forrester claims that Alibaba and JD.com will continue to dominate the local market, accounting for more than 85% of China's e-commerce market together, while new companies like Pinduoduo and Xiaohongshu will grow, as the social aspects of their offerings prove to be popular amongst shoppers. Further expansion is expected to happen beyond 2022, as currently only 38% of China's  1.2bn people have started shopping online so far.

 

CIRRO announces the strategic partnership with GoodZero in carbon offsetting and CSR efforts
By CIRRO - Amsterdam, Netherlands, April 18, 2024 (GLOBE NEWSWIRE) -- CIRRO, a leading global e-commerce logistics and fulfillment service provider, has joined forces with GoodZero, to decarbonize its operations...
April 23, 2024
Salesupply introduces Hybrid AI Chat for e-commerce customer service 
Profitability and cost savings are the two main challenges within e-commerce. The new Hybrid AI Chat solution by Salesupply helps online stores with both challenges. The solution enables merchants to...
April 23, 2024
PostNord International Announcement: Our journey towards global excellence
By PostNord - PostNord's international operations are brought together under joint management with the aim of capturing the growth potential for imports and strengthening our market leadership. We have reached...
April 22, 2024
Top crossmenu

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close