• E-commerce Adoption: E-commerce sales in the U.S. totaled $448 billion in 2017, representing ~8% of the $5.6 trillion in total retail sales. E-Commerce Market in China is developing very fast these few decades. Online usage patterns, buying behaviour and the attitude towards the Internet vary a lot. China’s retail sales this year will surpass that of the US by more than $100 billion, according to eMarketer’s latest worldwide retail and ecommerce forecast.. Digital Commerce in China vs. USA. 21. eCommerce in the US and in China are very different. 5. The competition between them has become fierce. In a recent blog post, iq! Alibaba leads ecommerce sales in China with a 53.3% share. This increase in the use of smartphone payments in China is linked to the growth of e-commerce and m-commerce. The top 5 e-commerce players represented 83.4% and 64.8% of total online retail sales in China and the U.S., respectively. Indeed, if the share of online sales may still seem relatively low, it is increasing very quickly. E-business and e-commerce may sound as if they're the same, but the terms are different, and that difference matters for today's companies. This impacts every step of the shopping journey. China's e-commerce sphere offers us a glimpse of what commerce will look like in the future. China's top 5 e-commerce players invested US$101 billion to 15 domestic offline retailers, several times higher than their counterparts in the U.S. Its online retail market is expected to grow from 17% of total retail sales in 2017 to 25% by 2020. US e-commerce sales . Traditional markets are only expected 2% growth during the same time. 1. US retail sales. The online market is expected to grow by 56% in 2015–2020. Pourtant, le e-commerce aux Etats-Unis et celui en Europe présentent de fortes similitudes. China’s E-Commerce Market is Maturing, and Brands Need to Shift Their Focus. US-China trade war: 'We're all paying for this' Negotiations are ongoing but have proven difficult. E-commerce is gaining market share in China at a time when overall retail spending is growing and contributing the bulk of gross domestic product (GDP) growth. E-Commerce Strategy; Crossborder E-Commerce; Tmall Agency; Tmall Global; JD.com (JingDong) JD -store and Promotion; JD Global; Ecommerce Website; Mobile Commerce; Wechat eCommerce & Wechat Store; Vipshop.com VIP Agency; Little Red Book E-Commerce & Promotion; Tmall Distribution Marketing Agency in China; Marketing Services. Other Asian markets such as India are on track to follow China’s growth trajectory. E-commerce sites in China tend to be louder, busier, more colorful, more texts, and use smaller photos. In light of the differences in the official bilateral merchandise trade data, the U.S.-China Joint Commission on Commerce and Trade (JCCT) established a statistical working group in 2004. The US is 22% of global retail sales. 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. Digital China is already more advanced than many observers appreciate. Cross-border consumer e-commerce amounted to an estimated 259 billion renminbi ($40 billion) in 2015, more than 6 percent of China’s total consumer e-commerce, and it’s growing at upward of 50 percent annually. Another key component of this discussion is the major e-commerce companies themselves. E-commerce Adoption: U.S. vs. China Source: Bloomberg, data as of 1/31/2019. 0. What is considered pretty and useful in US is so different from that of China. The forecast for China ecommerce sales is largely unchanged. US already has some very firm and established e-commerce sites like Amazon and Walmart and Indian firms need to hurry up, if they want to catch up in this race of online retailing. US Retail Sales in 2016 was about $4.8 Trillion. Global retail sales Vs. Deuxième marché e-commerce mondial, juste derrière la Chine, le secteur aux Etats-Unis réalise à lui seul un chiffre d’affaires de 501 milliards d’euros. E-commerce markets are growing at noticeable rates. Final consumption expenditures—spending on goods and services to … Past performance does not guarantee future results. January 23, 2019 (New York, NY) – China is poised to become the world’s top retail market in 2019, displacing the US. Total retail sales of consumer goods in China reached $5.61 trillion (38.10 trillion yuan) in 2018, up 9.0% over 2017, the Chinese government data says. The e-commerce law applies only to e-commerce business activities within China. The working group has released two reconciliation studies (in 2009 and 2012) to identify the causes of the statistical discrepancies. Digital Commerce in China vs. USA. “Relative newcomers and multichannel retailers continue to take share from giants … This year, China’s total retail sales will grow 7.5% to reach $5.636 trillion. That is by far the largest ecommerce market in the world, more than three times the size of the US ecommerce market. 13.05.2018 Kathrin Kempf. Globally, retail sales in 2016 were estimated to be $22 Trillion. In China, most consumers expect a lot of information to be exhibited in the front page. It’s estimated to already be $60 billion annually. China is home to dynamic digital innovators and is a leading global investor in the latest technologies. Online retail sales will grow 27.3% to $1.935 trillion in 2019. If the rate of growth keeps up, it will be over $5.3 Trillion in 2017. in China – the future is already here How retailers and brands are innovating to succeed in the most dynamic retail market in the world | 2 | Foreword China, the largest eCommerce market in the world, is now setting the benchmark for present and future global retailing. It will be a convergence of mobile commerce, social commerce and entertainmerce. 2020 rate for e-EMS, size, compensation rules, and estimates delivery time are Important platforms in this sector include Pinduoduo, Xiaohongshu, WeChat (Haowuquan), and video broadcasting apps.Read the Art of Social E-Commerce that Xiaomi can teach you.. Chinese social e-commerce companies have been growing at a compound annual growth rate of 100.6%. In 2013, it overtook the US to emerge as the largest e-commerce market. Contact us for any question on the Chinese market Why and how do mobile payments in China work? HiPay vous propose un récapitulatif de ces deux marchés pour mieux les appréhender. Un montant élevé qui n'est pour l'instant pas sur le déclin puisque le marché a enregistré une croissance de plus de 12 % en 2016. Mobile Commerce … e-EMS launched in 2014 by China EMS is now a new economic, convenient and fast shipping method for cross border e-commerce sellers. Share of social e-commerce in China’s online shopping market expanded from 0.1% to 7.8% between 2015-2018. By Kathrin Kempf. For informational purposes only. Even as consumers transitioned en masse to ecommerce during the pandemic, the drag caused by multiple recessions internationally has reduced the overall outlook. > Digital Commerce in China vs. USA. Compared with their U.S. peers, Taobao versus eBay, JD.com versus Amazon, Suning vs. Walmart, the Chinese leading e-commerce players have a much shorter history. 13.05.2018. Not meant to represent the Fund. While the US has many of these services as well, in China they tend to be more affordable, more convenient, and speedier. Enormous figures but consider that projected data for 2022 is at $956+ billion. As this trade war drags on, uncertainty clouds commerce worldwide and puts everyone in a tight spot — including shoppers, merchants and logistics providers. How does US e-commerce revenue compare to the US retail revenue? 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. But its share has been steadily declining for the past several years, as smaller players—including social commerce platform Pinduoduo—have been chipping away at Alibaba’s dominance. Deuxième marché e-commerce mondial, juste derrière la Chine, le secteur aux États-Unis réalise à lui seul un chiffre d'affaires de 501 milliards d'euros. Get “Finding Cross-Border Commerce Success in China” The United States and China have been at odds over trade for over a full year. Global e-commerce sales Vs. Earlier this year, news broke that brands were asked by one major e-commerce player to “choose one or another” platform to join, and offered exclusive business benefits in exchange. Livestreaming e-commerce is growing rapidly. According to Statista’s latest report, online sales in B2C e-retail reached the US $499,150 billion, up from $403,458 billion in 2016. Global retail ecommerce sales will decelerate to a 16.5% growth rate in 2020. And that's without even getting into e-commerce. (China surpassed the US in ecommerce sales in 2013.) The service is charged for every 50 gm. 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