China Online Shopping Transaction Scale to Reach 16.6% by 2017, Says ASKCI Consulting in New Research Report Now Available at MarketPublishers.com
04 Dec 2017 • by Natalie Aster
LONDON – The income level of the citizens of China has recently grown steadily to further improve the people’s ability to shop online, which effectively contributed to the development of the domestic e-commerce industry. As of 2016, the country’s disposable personal income was around USD 3,605, up 8.4% YoY, after deducting price factors, and it actually grew by 6.3% after deducting price factors.
In June 2017, China’s netizen scale amounted to close to 731 million. In 2016, the country’s Internet penetration reached 53.2%, as against 2015-end improved 2.9%.
With the fast-paced development of e-commerce sector, the transaction scale is also expanding. As of 2016, the transaction scale of e-commerce reaches just over USD 3.48 trillion, with 25.5% YoY. The transaction volume of the country’s online shopping market reached 14.9% of the total social retail sales in 2016, with 2.2% YoY. The scale is projected to reach 16.6% by 2017. As the number of mobile users is showing a rapid increase, China’s m-commerce becomes a popular trend. Nevertheless, m-commerce is still at an initial stage, and the construction of a social credit system remains weak. Pertinent laws and regulations should be executed for the development of m-commerce.
Insightful research report “Market Analysis and Development Strategy of E-Commerce in China 2017-2022” elaborated by ASKCI Consulting offers an insightful, comprehensive assessment of the market on a global level with a special focus on China.
The study gives an overview of the Chinese e-commerce ecosystem and a SWOT analysis of e-commerce; provides an analysis of the policy, consumption and network environment in the country. It provides details about online shopping users in China; offers insights into the operation status and development of e-commerce industry worldwide and on a national level. The study presents an analysis of various e-commerce patterns, sheds light on how e-commerce is used across various industries in China, gives information on the top domestic e-commerce companies. The research report identifies major drivers and barriers for the development the national e-commerce industry; tracks key trends and offers market size forecasts for the country’s e-commerce industry to 2022; and also includes an analysis of e-commerce investment opportunity.
To find a complete list of research reports by ASKCI Consulting, please visit its page at MarketPublishers.com.