Global e-commerce revenue drops $250 billion in 2022
2 years ago

Global e-commerce revenue drops $250 billion in 2022

India TV News  

Year ender 2022: After registering years of impressive growth, global e-commerce revenue sank $250 billion, falling from $3.84 trillion in 2021 to $3.59 trillion this year which is a first for the industry, a report showed. Although China generated nearly one-third of total e-commerce revenue in 2022, the world's largest market is ending the year with a massive $212 billion revenue drop alone. According to Statista, the US e-commerce industry generated nearly $905 billion in revenue this year, 5 per cent more than in 2021. Last year, the global e-commerce market had a massive 50.4 per cent penetration rate, with nearly 3.8 billion people who shopped online.

Market Revenue Billion 2022 Trillion Statista  report  statista  drops  online  market  billion  ecommerce  250  2022  trillion  revenue  markets  global

History of this topic

Cross-border e-commerce growing in China
1 month, 4 weeks ago

Cross-border e-commerce growing in China

China Daily  

Having worked as a tech reporter for about a decade, I have witnessed firsthand the rapid growth of China's cross-border e-commerce platforms and how the country's consumers have shown increasing demand for premium imported and foreign-branded products in recent years. According to a report from Chinese e-commerce platform JD's Consumption and Industry Development Research Institute, imported brands, including mobile phones, …

China's online retail sales up 11.5% in January-April period
7 months, 2 weeks ago

China's online retail sales up 11.5% in January-April period

China Daily  

A staff member sells summer oranges via live broadcasts at a digital e-commerce center in Zigui county, Yichang, Hubei province on Aug 4, 2023. BEIJING - China's online retail sales saw steady expansion in the first four months of 2024, with emerging growth forces continuing to boost consumption, official data showed on Tuesday. The country's online retail sales rose 11.5 …

China's online retail sales up 11.5% in January-April period
7 months, 2 weeks ago

China's online retail sales up 11.5% in January-April period

China Daily  

Xinhua| Updated :2024-05-23 A staff member sells summer oranges via live broadcasts at a digital e-commerce center in Zigui county, Yichang, Hubei province on Aug 4, 2023. BEIJING - China's online retail sales saw steady expansion in the first four months of 2024, with emerging growth forces continuing to boost consumption, official data showed on Tuesday. The country's online retail …

Role of digitalization in business grows
7 months, 3 weeks ago

Role of digitalization in business grows

China Daily  

SHI YU/CHINA DAILY China has set out a detailed action plan aimed at amplifying the integration of digital technologies in business practices nationwide by 2026, in a significant move to spearhead the digital transformation of its commercial sectors and drive the nation's opening-up. It also stressed the need to deepen international cooperation in digital commerce by expanding cooperation channels and …

E-commerce progress high on agenda
1 year, 4 months ago

E-commerce progress high on agenda

China Daily  

Livestreaming hosts promote sales at the ongoing 2023 China International Fair for Trade in Services in Beijing. More measures are in the pipeline to boost development of e-commerce, which plays a vital role in driving growth of the real economy, promoting trade and boosting capital flows, officials and experts said. Speaking during the China E-commerce Convention, a sub-forum at the …

3 takeaways on the state of the global games market (hint: it’s growing)
1 year, 4 months ago

3 takeaways on the state of the global games market (hint: it’s growing)

LA Times  

Characters from “League of Legends” in the headquarters of Riot Games. The global games market is expected to generate nearly $188 billion in revenue in 2023 — up 2.6% from last year, according to a report from Amsterdam-based industry tracker Newzoo. “2023 is shaping up to be an amazing year for gaming, particularly console gaming, as many of the blockbusters …

China's cross-border e-commerce trade value exceeds 2t yuan in 2022: report
1 year, 6 months ago

China's cross-border e-commerce trade value exceeds 2t yuan in 2022: report

China Daily  

SHIJIAZHUANG -- The value of China's cross-border e-commerce imports and exports exceeded 2 trillion yuan for the first time in 2022, reaching 2.1 trillion yuan and marking an increase of 7.1 percent compared with 2021, according to a report released Saturday. Among the export destinations in China's cross-border e-commerce in 2022, the United States accounted for 34.3 percent of the …

China's online retail sales log rapid expansion in Q1
1 year, 8 months ago

China's online retail sales log rapid expansion in Q1

China Daily  

A woman from Guizhou's Dong ethnic group sells handmade rabbit toys via a livestream in Congjiang county, Guizhou province on Jan 25, 2023. BEIJING -- China's online retail market registered robust growth in the first quarter of this year, data from the Ministry of Commerce showed on Friday. Specifically, sales of gold, silver and jewelry soared 28.1 percent year-on-year, and …

China e-Commerce market ready for Canadian business
2 years, 3 months ago

China e-Commerce market ready for Canadian business

China Daily  

As China continues to rebound from COVID-19, the demand for Canadian-branded products is strong when they sell to the Chinese market through e-commerce platforms. Nicole Lin, business development country manager of Alibaba Group in Canada, said their services support Canadian brands and companies selling to China through cross border e-commerce. "As the world's largest e- commerce retail market, China's annual …

Down but not out: China’s Alibaba looks towards challenging 2022
2 years, 11 months ago

Down but not out: China’s Alibaba looks towards challenging 2022

Al Jazeera  

Chinese tech giant’s deep pockets and ability to adapt are seen as key to weathering the tough year ahead. With such a difficult environment persisting into the New Year, Alibaba, which has been described as China’s answer to Amazon, faces a potentially challenging 2022 – although analysts count the firm’s deep pockets and ability to adapt to the vast Chinese …

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