E-commerce in China has assumed a more prominent role within the country's economy than is the norm in Western countries; it controls a much larger portion of consumer spending than in the United States or Europe and accounts for a larger portion of GDP. It has also entered into the B2B sector in force in recent years.
China B2B E-Commerce Market
In 2017, B2B e-commerce transactions are projected to reach a total of 17.5 trillion yuan (US$2.65 trillion) in value, growing 22.1% from 2016 and more than threefold in the past five years, since 2012.
While growth has slowed somewhat, signs point to continuing growth in the near-term, driven by increasing specialization and improved financing for online business purchases.
E-commerce players reported 258.3 billion yuan (US$39.2 billion) in operating revenue in 2016, with a 70.5% growth rate driven by strong growth in steel and chemical sector revenue.
In 2017, the sector is expected to reach 462.8 billion yuan (US$70.3...
Already subscribed? Sign in.
Don't Miss Out.
Invest with as little as one bottle of water per week.
Join other top analysts and business executives and navigate the unique market with China Internet Watch.
Cancel at any time