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Tag Archive for China

China to make up 50% of global ecommerce market by 2018

China is forecast to account for over half of the global ecommerce market by 2018 as its growing middle class and broad use of smart mobile devices nationwide drive domestic consumption, a recent research study reveals.

This development is also supported by China’s commitment to help expand global ecommerce by building a “digital Silk Road”, according to a recent report issued by the research company eMarketer, scmp.com reports. China’s increase by 2018 translates into a 133% rise to USD 1.568 trillion, up from an estimated USD 672 billion in 2015.

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Chinese Consumers Add to Record-Breaking U.S. Holiday Haul

Chinese e-commerce shoppers, whose online spending on China Singles Day dwarfs that of any other day in any other country, are contributing more to record Cyber Monday spending as well, according to Alipay, the payments unit of e-commerce giant Alibaba. The company said on Thursday that China-based consumers shopping U.S. brands online during the first two weeks of the holiday season rose 7 percent from last year.

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Report: 70% of Merchants See Profit from Cross-Border E-Commerce, Emerging Markets Key

Seventy percent of global e-commerce experts agree that selling cross-border has proven to be profitable and a growing share of merchants are willing to focus on emerging markets to sell their goods, according to a new report from Payvision and CardNotPresent.com. In its third year, Key Business Drivers and Opportunities in Cross-Border E-Commerce, the largest B2B cross-border e-commerce survey in the world, found that fear of emerging markets—specifically China—is waning. The number of respondents who agreed that emerging markets are their primary focus when selling internationally grew from 31 percent in 2014 to 40 percent this year.

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Ecommerce drives retail sales growth in China

Although China’s economy has suffered from instability throughout 2015, its ecommerce sector is and will remain a major driver of economic growth, as internet penetration and smartphone ownership continue to increase, a recent research study reveals.

China’s macro economy has showed sustained signs of weakness throughout 2015, with the real economy struggling to perform a turnaround. A cooling housing market, comparatively weak investment growth and slumping exports have weighed on the country’s fortunes, despite a series of fiscal and monetary policy easing measures by the central government and sustained intervention in the stock market, according to the “China Ecommerce: 2015 Market Update,” report issued by market research company eMarketer.

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China’s ecommerce market surges by 30% to USD 1.2 trln in H1, 2015

Chinese ecommerce market saw a 30% growth to CNY 7.63 trillion (USD 1.2 trillion) in H1, 2015, despite economic stagnation.

Business-to-business (B2B) was up 28.8% year-on-year, at CNY 5.8 trillion (USD 910 billion), customstoday.com.pk reports. The online retail sales, which include business-to-consumer (B2C) and consumer-to-consumer (C2C), rose 48.7% to CNY 1.61 trillion (USD 250 billion).

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Global e-commerce turnover grew by 24.0% to reach $ 1,943bn in 2014

Global B2C e-commerce of goods and services continued to grow significantly last year. The actual growth rate amounted to 24.0% in 2014, which was in line with preceding years. As a result, B2C e-commerce sales reached $ 1,943bn. For 2015, the B2C e-commerce growth rate is expected to decline considerably, as the market is growing more and more mature. However, it will still grow by double digits (around 16%), resulting in a turnover of $ 2,251bn.

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