What is China Community E-Commerce Market?
Ecommerce communities are online communities, especially for ecommerce businesses. Community group-buying is fast becoming the last frontier of eCommerce competition in China. China has the highest eCommerce penetration globally. For instance, China’s e-commerce market is one of the biggest in the world with a volume of USD 1.94 trillion and is expected to reach about USD 1.5 trillion in 2024.
The market study is being classified by Type (Traditional and Innovate), by Application (Commercial, Industrial and Others) and major geographies with country level break-up.
JD.com (China), Pinduoduo (China), Xiaohongshu (China), Taobao (China), Tmall (China), Kaola (China), Mia (China), VIP shop (China), Suning (China) and Secoo (China) are some of the key players profiled in the study.
Global China Community E-Commerce is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching New Platforms. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Segment Analysis
Analyst at AMA have segmented the market study of China China Community E-Commerce market by Type, Application and Region.
On the basis of geography, the market of China Community E-Commerce has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rapid Growth of Mobile Telephony and Increased Financing
- Growth of E-medical Services, The Expansion of Cross-Border e-commerce, and The Development of Online-Offline Transactions
Market Trend
- Integrated Digital Ecosystem that Links Social Media, Commerce, and Offline Experiences
- Explosion in the Mobile Internet Penetration
- The Popularity of E-commerce Platforms
Restraints
- Lack of expertise and a complex network
Opportunities
- Competition among Different Community Group Purchase Platforms Especially in Second and Third-tier Cities such as Nanchang
- Growing eCommerce Stores and Growing Lower-Tier Population
Key Target Audience
China Community E-Commerce Regulatory Bodies, Potential Investors, Research and Development Institutes and Others