Home / Knowledge / News / Apparel/Garments / China world's top growing B2C e-commerce market - yStats
China world's top growing B2C e-commerce market - yStats
23
Jun '14
A new publication from Hamburg-based secondary research organization yStats.com, “China B2C E-Commerce Market 2014“, reports that China is ranked as the world’s top market in B2C E-Commerce potential. The world’s most populous country, it is already the second largest B2C E-Commerce market worldwide and the fastest growing. China’s potential for further growth of online retail comes from the growing Internet and online shopper penetration, as well as increasing consumption per shopper.
 
Over 300 million people, about half of internet subscribers in China, shopped online in 2013. By 2017, there are expected to be over 500 million online shoppers in China. The distinguishing characteristics of Chinese shoppers include mobile affiliation, popularity of price comparison websites and the use of social networks and product reviews. Surveys reflect that the most important factors in making a purchase decision are price and popularity or reputation of the brand and its website. 
 
The C2C sector in E-Commerce in China is still larger than that of B2C, though the situation is gradually changing. In 2013, B2C E-Commerce sales in China grew by over +60% year-on-year to a high double-digit number in EUR billion. In 2014, sales are forecasted to top EUR 100 billion with continued rapid growth expected for several years. While online shopping is growing, regulators in China are working on a new comprehensive E-Commerce law. One of the latest regulations introduced was a 7-day free return policy.
 
Consumers in China are among the world’s most active mobile shoppers. In 2013, over 100 million people shopped via mobile Internet, more than double the 2012’s level and still reaching only slightly above a quarter of total mobile Internet users. In China, the M-Commerce market is dominated by mobile shopping apps, but an emerging segment is M-Commerce via messaging apps. 
 
Along with the use of mobile devices, other trends in online shopping in China include the increasing use of social media, group-buying and purchase of luxury goods. Chinese shoppers also are actively buying outside the country, with their purchases accounting for the largest part of the multi-billion EUR cross-border B2C E-Commerce value. Overall, the two largest product categories in online shopping are clothing and electronics, while among fast growing are groceries, baby products and cosmetics. 

Must ReadView All

Textiles | On 25th Jul 2016

GST to help logistic cos reduce cost, time up to 20%

Caught in a bind over high operational costs and complex tax levies,...

Apparel/Garments | On 25th Jul 2016

Q2FY17 EPS down 10.2% at VF Corp

Earnings per share (EPS) for the second fiscal quarter ended July 2,...

Courtesy: HRX Brand

Fashion | On 25th Jul 2016

Myntra to buy Hrithik Roshan’s HRX brand

Online fashion retailer Myntra is in the process of buying a majority ...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
june 2016

F2F Magazine

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search