Chinese e-commerce market consolidation
We have recently described the rise of Chinese B2C e-commerce – in this article, we will sketch the outline of the current market situation, especially in the light of the recent news about Tencent acquiring 15% stake in JD.com, which was revealed today.
Here we introduce another interesting infographics, which presents information about the e-commerce in China. Apart from up-to-date statistics, it also contains some forecasts, giving us a glimpse into the further development. The Chinese consumers review products in online shops quite frequently (more frequently than Americans), the shipment fee is six time lower than in the U.S. The most popular method of payment is Alipay (47% transactions), the second is Tenpay (21%). As far the most popular internet shops are concerned, Tmall has 40% market share, followed by 360buy.com (now jd.com) and Suning.com.