China’s cross-border import retail e-commerce market totaled US$12.14 billion in Q3 2018 with a negative growth of 16.2% quarter-on-quarter. The top platforms Tmall Global, NetEase Kaola kept expanding while both JD Worldwide and Vipshop Global saw a slight decline. China’s cross-border import retail e-commerce market reached 84.26 billion yuan (US$12.14 bn) in Q3 2018, a decline […]
The retail sales of China’s cross-border import e-commerce down by 21.9% to 82.1 billion yuan (US$12.86 billion) from Q4 2017. Tmall Global remains in the top spot with a market share of 27.8% followed closely by NetEase Kaola. This quarter didn’t see much change in the ranking of cross-border B2C platforms in China. Tmall Global […]
Cross-border e-commerce has increasingly become a mainstream way for Chinese consumers to access imported goods without traveling abroad or paying large markups at domestic supermarkets. Over the past few quarters, it has shown explosive growth, led by JD Worldwide, Tmall Global, and specialty platform Netease Kaola. China’s cross-border e-commerce retail market reached 81.57 billion yuan […]
For the third quarter of 2017, JD.com reported net revenues of RMB83.7 billion (US$12.6 billion), representing a 39.2% increase from the same period in 2016. Net revenues from online direct sales increased by 38.5%, while net revenues from services and others increased by 46.2% in Q3 2017, as compared to the third quarter of 2016.
Part 2 of 2 in CIW’s report on cross-border e-commerce in China (Part 1). The retail cross-border e-commerce segment makes up a significant fraction of the cross-border e-commerce market, with its 3.05 trillion yuan (US$ 457 billion) revenue accounting for 48.5% of 2016’s total 6.3 trillion yuan (US$944.5 billion) of China’s cross-border e-commerce market. Thus far in […]
E-commerce enterprises in China have taken an increasing role spearheading cross-border commerce in goods and services between China and other nations. As consumers within the country have become more affluent, some enterprises have begun importing increasing amounts of high-quality consumer goods from abroad while others provide platforms for importers to sell goods B2C and C2C. […]
Jingdong (JD.com) net revenues for the second quarter of 2017 were 93.2 billion yuan (US$213.7 billion), an increase of 43.6% from the second quarter of 2016.
Jingdong GMV for the first quarter of 2017 increased by 42% to 184.1 billion yuan (US$26.7 billion) from 129.3 billion yuan in Q1 2016. Annual active customer accounts increased by 40% to 236.5 million in the twelve months ended March 31, 2017, from 169.1 million in the twelve months ended March 31, 2016.
The total transactions of China cross-border e-commerce market reached 6.3 trillion yuan (US$920 billion) in 2016, including retail and B2B according to a Chinese research company iiMedia. And, it’s expected to reach 8.8 trillion yuan (US$1.28 trillion) in 2018. The total number of cross-border shoppers in China exceeded 410 million in 2016 and is expected […]
JD.com reported net revenues of RMB 60.7 billion (US$9.1 billion) and gross profit of RMB9.6 billion (US$1.4 billion) for Q3 2016.
JD.com GMV for the second quarter of 2016 increased by 47% to RMB160.4 billion (US$24.1 billion) from the core GMV (excluding Paipai.com) of RMB108.7 billion in the second quarter of 2015 according to JD.com.
JD.com GMV for the first quarter of 2016 increased by 55% YoY to RMB129.3 billion (US$120.1 billion); and, its net revenues were RMB54.0 billion (US$8.4 billion), an increase of 47.3% YoY according to its unaudited financial results.