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China B2C e-commerce market: 30% CAGR between 2010-2016
China B2C E-Commerce Report 2013 - a new market research report on 2014-03-12 16:55:01
The China B2C e-commerce market is gaining more and more ground. According to forecasts, it is expected to grow by more than 30 percent annually between 2010 and 2016. Overall, fashion, shoes and bags, as well as computers and household appliances are among the most popular product categories online. B2C E-Commerce with luxury goods is one of the leading trends. In recent years, this segment has grown more strongly than traditional B2C E-Commerce.A growing number of Chinese residents use social networks to purchase products online. Social Commerce is expected to become even more significant in China than in the USA. M-Commerce is also gaining in importance. Between 2011 and 2012, M-Commerce grew approximately fivefold and now accounts for more than four percent of total B2C E-Commerce sales.Amazon is only in fifth Place among Online Retailers in ChinaLeading Chinese online retailers include Tmall, 360buy, Tencent and Amazon is only in fifth place in China, with a market share of less than three percent. In 2011, Alibaba Groups generated more than 100 billion CNY in revenue, increasing its revenue by a three-digit growth rate. Some foreign companies also try to gain a foothold in the Chinese B2C E-Commerce market. In 2012, US company ToysRUs opened its first online shop in China. However, online retailers face problems with the delivery of products ordered online. Consequently, retailers such as VANCL and 360buy are currently developing their own delivery solutions.B2C E-Commerce and M-Commerce in China are expected to continue growing by double- to triple-digit percentage figures. However, the share of Internet users who also make purchases online is still much lower than in other countries of the Asia-Pacific region such as Japan and Australia.Report OverviewThis report provides information about the Chinese B2C E-Commerce market. Aside from trends, it covers revenues, the share of B2C E-Commerce on total retail sales, product categories, Internet user and shopper data, as well as information about leading players in B2C E-Commerce in China.Report Scope- Market reports inform top managers about recent market trends and assist with strategic company decisions
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