The reasons for choosing China E-commerce Market
China eCommerce market is the largest in the world. With a growth rate of 6% on average, the e commerce revenue in China is expected to reach 2 trillion USD in 2025.
Despite the Coronavirus outbreak, the global e commerce growth rate is still going strong. Of course, China is no exception. The gigantic investments in China’s Belt and Road Initiative (BRI) project fuel this trend — by linking Central Asia, the Middle East, and Europe offline, more online businesses will follow.
Online networks and social commerce on buzzing apps like WeChat, TikTok, and Sina Weibo have long become an integral part of China’s everyday life. In fact, Chinese consumers spend nearly five hours per day on their mobile devices (smartphones, tablets). They stay in touch, pay, shop, book trips, and more with these popular apps. By the way, the global average is three hours per day on handheld devices.