China’s online shopping market saw a 6.8% growth YoY or 20.9% QoQ in the second quarter of 2020 and reached 2,572.74 billion yuan in total transactions. Mobile is the key driving force in China’s online shopping market, accounting for over 86%. Two age groups of shoppers saw growth in Q1 2020 compared with a year […]
China B2B Market Trends & Insights
JD MRO, JD.com’s B2B subsidiary for industrial maintenance, repair and operations (MRO) products and services, announced its acquisition of VIPMRO yesterday, China’s leading procurement platform for MRO products.
Alibaba Group’ international B2B platform Alibaba.com transacted 80% more in the first half of 2020 compared with a year earlier. Orders placed on Alibaba.com nearly doubled (+98%) in the six months ended June 2020 while the number of paying buyers increased by 60%, according to data Alibaba.com released last week. Transactions surged as the coronavirus […]
A McKinsey survey finds that the Chinese B2B decision-makers are responding quickly to COVID-19, though actions and customer preferences vary. About two-thirds are optimistic about the economy as of the end of April 2020, up 12 percentage points from two weeks earlier. China is more optimistic compared to other regions covered in the McKinsey survey, […]
The transactions of China’s online shopping market is expected to reach 2.1 trillion yuan in Q1 2020, down 33.3% quarter on quarter or decrease of 1.2% year on year. In Q4 2019, the transactions of China’s online shopping market reached 3.2 trillion yuan, an increase of 38.5% QoQ or 26.9% YoY. The growth was higher […]
Alibaba’s B2B retail platform Ling Shou Tong has reached 1.3 million mom-and-pop stores as of August 2019 according to Lin Xiaohai, the Vice President of Alibaba Group and General Manager of the Ling Shou Tong division. That means that one out of six stores in the country is a Ling Shou Tong (LST) customer. According […]
Transactions of China’s cross-border e-commerce exceeded US$654 billion in H1 2018. The export business accounted for 77.1% while B2B took 84.6% in shares by transactions. Transactions of cross-border e-commerce totaled 4.5 trillion yuan (US$654.08 bn) in the first half of 2018 (H1 2018), up by 25% year-on-year. The export business accounted for 77.1% of the total cross-border […]
The transactions and revenues of China’s B2B e-commerce totaled US$1.63 trillion and US$3.71 billion in the first half of 2018, respectively. Alibaba.com, HC360.com, and Cogobuy were top three leading B2B platforms. The transactions of B2B e-commerce reached 11.2 trillion yuan (US$1.63 trillion) in the first half of 2018, with an increase of 14.2% compared with 9.8 […]
Alibaba.com, committed to helping SMEs to export and expand overseas market, has already become the biggest international trading platform. This platform has over 1,000 active overseas buyers and receives near 300 thousand inquiry orders every day. Alibaba.com app saw a year-on-year increase of 52% in active buyers and 269% in DAU. The number of exports […]
The transactions of B2B E-Commerce market in China reached 20.5 trillion yuan (US$3.07 trillion) in 2017, an increase of 22.75% year-on-year. The total revenues of B2B market in China reached US$5.24 billion, led by Alibaba and HC360. B2B E-Commerce revenues went up by 34.6% year-on-year to 35 billion yuan (US$5.24 bn) in 2017. Within this market, […]
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 […]
SME B2B e-commerce market totaled 23.6 billion yuan in 2016, representing close to half of total e-commerce market in China. Alibaba has close to 50% market share in 2016.
China FMCG online B2B market, targeting traditional trade retail stores, will grow to 330 billion yuan (US$48 bn) in 2018 from 40 billion yuan in 2016 according to Kantar Retail.
Total revenues of China’s SME B2B e-commerce market reached RMB 5.79 billion (USD 870 million) in Q2 2016, an increase of 14.4% YoY or 6.8% QoQ according to iResearch.
China B2B e-commerce market reached 5.48 billion yuan in Q1 2015 and 6.39 billion yuan in Q4 2015 according to Analysis.