Having taken effect on 1st January 2019, below are some of the key highlights of the law that are of particular relevance to those with interna­tional operations. That is plus 27% year over year and a quarter of China’s total retail sales volume. I was so intrigued with the insight of … India 360.1 million 3. Norway 79.25% 5. In 2019, the single transaction limit of cross-border e-commerce retail import goods is RMB 5,000 (compared with 1,000 yuan before 2016), and the annual transaction limit per person is RMB 26,000. You only have access to basic statistics. "Number of E-commerce Companies Going Public in China from 2009 to 2019. Highlights. According to the Chinese government, 802 million people are now using the internet, a whopping 57.7 percent of the entire population. facts. The rise of lower-tier cities: New battleground for Ecommerce players . That will represent just 8.8% of all retail sales, though. As of January 2019, online shopping is responsible for 9% of Australia’s total retail sale.. Statista predicts that by the end of this year Australian online businesses will see a 15.1% growth in revenue. In this article, we will consider six top China e-commerce trends to look-out for. This booming eCommerce market is home to some of the savviest shoppers in the world, many of whom are cash-rich millennials that covet luxury high-end goods from foreign brands. "Number of e-commerce companies going public in China from 2009 to 2019." How much will consumers in China spend on retail ecommerce in 2019? As such, China’s e commerce sector is more than three times the size of the US market, which ranks second. You need at least a Single Account to use this feature. This means that … That is plus 27% year over year and a quarter of China’s total retail sales volume. … BEIJING, Dec. 11 (Xinhua) -- China will reinforce statistical monitoring of e-commerce to make the data a reliable basis for analysis and policymaking, according to the Ministry of Commerce (MOC). In 2019, the number reached RMB 186.2 billion (US$26.25 billion), five times that of 2015, showing an average annual growth rate of 49.5 percent, according to the official data. In 2018, an estimated 58.7 million households in the United States held a membership with the company’s subscription service Amazon Prime , benefitting from free 2-day shipping, music and … The new law builds upon earlier reforms of China's legal system. In the meantime, WeChat Pay expanded aggressively in China’s campuses in the first half of 2019, reaching over 50,000 K12 institutions, 1,000+ universities, and 100 thousand education and training institutions. Learn more about how Statista can support your business. The value of online shopping transactions in China totaled 8 trillion yuan (US$1.19 trillion) in 2018, an increase of 28.3% year-on-year. China Retail & E-commerce Weekly Updates 10 May 2019 – 16 May 2019 | 2 Retail in general NBS: Total retail sales of consumer goods up by 7.2% yoy in April 2019 According to the National Bureau of Statistics (NBS), total retail sales of consumer goods reached 3,058.6 billion yuan in April 2019, up nominally by 7.2% yoy (5.1% yoy in real terms). August 14, 2019 By CIW Team China's cross-border e-commerce market saw 8.8 trillion yuan transactions in 2018, over 20% of which are import e-commerce sales. In 2019, the number reached RMB 186.2 billion (US$26.25 billion), five times that of 2015, showing an average annual growth rate of 49.5 percent, according to the official data. 2 with $586.92 billion. 10.2%. The China e commerce market is the largest in the world with a volume of 1.94 trillion USD in 2019. China has substantially changed certain policies applicable to retail e-commerce imports in a joint circular issued by the Ministry of Commerce, the National Development and Reform Commission, the Ministry of Finance, the General Administration of Customs (“GAC”), the State Administration of Taxation and the State Administration for Market Supervision, with effect from 1 January 2019. The data confirms that in 2019, China will become the largest retail market in the world. You need a Single Account for unlimited access. This was announced by the China Internet Network Information Center (CNNIC). As a Premium user you get access to background information and details about the release of this statistic. Social e-commerce providers recharge their trust through social currency, which means that product … Rising consumer preference of online shopping, proliferation of alternative payment solutions, online shopping events such as Singles Day offering lucrative discounts and improved logistic infrastructure supported … The Chinese government is trying to promote CBEC business to stabilize and promote foreign trade. E-commerce in Middle East – Statistics and Trends [Infographic] December 4, 2019. Ecommerce is booming worldwide and, in Australia, there’s no exception. New Growth Avenues: FMCG and Grocery Ecommerce. Omnichannel fulfillment – Seamless online … E-commerce has become a key driver of China's retail market. 9.0%. Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Profit from additional features with an Employee Account. 25-34 years-old are the largest user segment (48%). E-commerce gross merchandizing volume (GMV) growth % year-on-year E-oee oss ehaniin ole oh % year-on-year SOURCE: McKinsey China Digital Consumer Trends 2019; eMarketer 2014 15 16 17 2018 134% 14% 47% 27% 15% 31% China India US These and other challenges –like the rising sophistication of Chinese consumers–are upping 10.7%. and over 1 Mio. When It Comes to The China Ecommerce Market, Youngsters Rule. A paid subscription is required for full access. E-commerce gross merchandizing volume (GMV) growth % year-on-year E-oee oss ehaniin ole oh % year-on-year SOURCE: McKinsey China Digital Consumer Trends 2019; eMarketer 2014 15 16 17 2018 134% 14% 47% 27% 15% 31% China India US These and other challenges –like the rising sophistication of Chinese consumers–are upping 8. 9.0%. Annual Data. Sweden 84.65% 2. China’s retail sales in 2019 will exceed the U.S. total sales by more than $100 billion. In, Ebrun. Online sales will increase by 30% in 2019, representing 35.3% of total retail sales. ", Ebrun, Number of e-commerce companies going public in China from 2009 to 2019 Statista, https://www.statista.com/statistics/912343/china-e-commerce-companies-going-public/ (last visited December 08, 2020), Number of e-commerce companies going public in China from 2009 to 2019, E-commerce revenue in China 2017-2024, by segment, E-commerce share of retail sales in China 2014-2019, Total e-commerce trade volume growth rate in China 2008-2019, Breakdown of e-commerce transaction value in China 2019, by type of e-commerce, Number of employees in the e-commerce segment China 2012-2018, by type, Listed companies in e-commerce China 2019, by category, Most valuable e-commerce companies in China 2020, Transaction volume of B2B e-commerce in China 2012-2019, Annual change of transaction value of B2B e-commerce in China 2011-2019, Revenue of China's B2B e-commerce market 2012-2018, SME B2B e-commerce platforms revenue in China Q2 2018-Q2 2020, Distribution of online retail sales China Q1 2018-Q2 2020, by e-commerce type, Online retail sales value in China 2019, by region, Online retail sales in goods value in China 2019, by region, Online shopping market share in China Q1 2018-Q2 2020, by device, B2C online retail market platforms' transaction share in China Q3 2020, GMV of China's import e-commerce market 2013-2021, Market size of social e-commerce industry in China 2014-2020, Transaction value of second-hand e-commerce in China 2015-2020, Local life service O2O market GMV e-commerce in China 2015-2019, Fresh food e-commerce GMV in China 2013-2019, Market value of live commerce in China 2017-2020, Number of China's mobile e-commerce users 2016-2020, Age group distribution of internet shoppers in China 2019, Listed e-commerce companies in China 2019, by city, Forecasted retail e-commerce sales in Spain 2014-2017, China: monthly salary of cosmetic e-shoppers purchasing on November 11, 2013, Monthly sales value breakdown of local sportswear on Tmall China 2014, by price, Food & drink online retail sales in Mexico 2010-2020, Video games hardware online retail sales in Mexico 2010-2020, Volume of the online jewelry trade in China 2009-2015, Argentina: Black Friday average e-commerce order value 2016-2017, M-commerce retail sales share in e-commerce India 2015-2020, B2C e-commerce sales growth in the United Kingdom 2014-2017, B2C e-commerce sales growth in Spain 2014-2017, Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. This year, total retail sales will reach £476.65 billion ($635.46 billion). It is of no surprise that the Chinese government has implemented a new regulation on cross-border e-commerce. In 2019, the added value of the digital economy accounted for more than one-third of the country's GDP. Japan 89.9 million Physical retail is having the toughest time, though, with nonecommerce sales posting growth of just 0.4%. What is remarkably interesting, however, is the specific sales data generated by the E-commerce sector. Ecommerce will account for an estimated 8.8% of that, or $81.85 billion—but digital sales are rising much faster, at 7.8% this year. By means of making the world a global village with an ease to do business, e-commerce trading has gained ground. The company also forecast Chinese retail e-commerce sales to maintain its strong growth through to the end of its forecast in 2023. The eCommerce market encompasses the sale of physical goods via a digital channel to a private end user (B2C). Omnichannel fulfillment – Seamless online … Statistical Database. Accessed December 08, 2020. https://www.statista.com/statistics/912343/china-e-commerce-companies-going-public/, Ebrun. New Growth Avenues: FMCG and Grocery Ecommerce. In 2019, the top global ecommerce market will be China, with $1.935 trillion in ecommerce sales—more than three times greater than the US at No. Ecommerce spending in Germany will reach an estimated €69.37 billion ($81.85 billion) this year, an annual rise of 7.8%. In our previous e-commerce studies done in Southeast Asia, China consistently appeared in the top 3 countries for international shipments. Ecommerce sales in France will rise 11.5% in 2019, to €58.84 billion ($69.40 billion), accounting for 9.5% of total retail sales. Surpassing the U.S. which held the record until 2018. On January 1, 2019, China's new e-commerce law took effect. Please authenticate by going to "My account" → "Administration". Who and what are covered? 2017. How much will consumers in Germany spend on ecommerce in 2019? Published by Yihan Ma, May 5, 2020 The statistic shows the number of companies in e-commerce going public in China from 2009 to 2019. Mr. Ning Jizhe Meets with the Director of the United Nations Statistics Division On the morning of October 15, Mr. Ning Jizhe, Commissioner of the National Bureau of Statistics of China (NBS), met with Mr. Stefan Schweinfest, Director of the United Nations Statistics Division (...; Mr. Xian Zude Meets with the UN Resident Coordinator a.i. 2017. China also accounts for one of the highest shares of ecommerce retail with respect to total retail sales, with home-grown shopping portals having led the ecommerce boom so far. Tweet. Social e-commerce in China has much higher conversion rates than traditional ones. China continues to be the most attractive market for online traders, especially for cross-border E-commerce. In the meantime, WeChat Pay expanded aggressively in China’s campuses in the first half of 2019, reaching over 50,000 K12 institutions, 1,000+ universities, and 100 thousand education and training institutions. The Pet Economy: Pets have become the Masters. Ecommerce sales will grow 10.9% this year, to reach £106.46 billion ($141.93 billion) and 22.3% of total retail. China scored highly across … Source: National Bureau Statistics. China is one of the countries that has embraced e-commerce. Monthly Data; Quarterly Data; Annual Data; Census Data One of them is Tmall – as many as 97% of Chinese online customers use it. Indonesia 107 million 5. Chinese companies at large, including those in the consumer sector, are experiencing a multitude of threats such as, shifting consumer behaviour, availability of key talents, and increasing speed of technological changes. Number of e-commerce companies going public in China from 2009 to 2019 [Graph]. The top platforms are Tmall Global and Netease Kaola. As such, China’s e commerce sector is more than three times the size of the US market, which ranks second. China to strengthen e-commerce statistics monitoring Source: Xinhua| 2019-12-11 16:34:10|Editor: huaxia. Published by Yihan Ma, May 5, 2020 The statistic shows the number of companies in e-commerce going public in China from 2009 to 2019. Fun facts about e-commerce in China. Please do not hesitate to contact me. It’s expected to continue the fast growth and exceed 1.3 trillion yuan in 2019 and 2.86 trillion in 2021. Ecommerce retail sales are expected to account for 33.6% of total retail sales in China in 2019. In the future, industrial upgrading will help China move up in the value- added export chain. This should come as no surprise as China has been the world’s largest exporter and trading nation since 2014. Social e-commerce in China has much higher conversion rates than traditional ones. When It Comes to The China Ecommerce Market, Youngsters Rule. Are you interested in testing our corporate solutions? The rise of online shopping in China In recent years, China’s internet population passed a significant milestone. (March 11, 2020). It’s hard to fathom, but China only recently surpassed the US in ecommerce sales in 2013 for the first time. In 2019, the single transaction limit of cross-border e-commerce retail import goods is RMB 5,000 (compared with 1,000 yuan before 2016), and the annual transaction limit per person is RMB 26,000. Directly accessible data for 170 industries from 50 countries Monthly Data; Quarterly Data; Annual Data; Census Data Statista. Due to the huge potentials provided by cross border e-commerce. E-commerce is very advanced in China. 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