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The ecommerce industry was reported at $24 billion in 2017 and was recognised as the fastest growing industry in India. [18] The ecommerce market grew to $38.5 billion in 2018. [19] It is estimated that one in every three Indian shops via smartphone and online retailers deliver to 20,000 pin-codes out of the 100,000 pin-codes in India. [20]
Alibaba.com was expected to improve the domestic e-commerce market and perfect an e-commerce platform for Chinese enterprises, especially small and medium-sized enterprises (SMEs), to help export Chinese products to the global market as well as to address World Trade Organization (WTO) challenges. In 2002, Alibaba.com became profitable three ...
China's e-commerce companies are again entering a major discounting period, with weeks-long sales for major mid-year event 618, named for the date of JD.com's founding on June 18, to begin at the ...
As a result, PDD’s market cap has soared to $195.9 billion, eclipsing Alibaba’s $190.5 billion. It’s the first time PDD has surpassed its older rival, according to data provider Refinitiv Eikon.
Since 2013, China is the world's largest e-commerce market. [2]: 99 Its domestic e-commerce market was an estimated US$899 billion in 2016. [3] China accounted for 42.4% of worldwide retail e-commerce in that year, the most of any country. [4]: 110 In 2019, online retail sales were 21% of China's total retail sales.
There were 242 million people shopping online in China in 2012. [53] For developing countries and low-income households in developed countries, adoption of e-commerce in place of or in addition to conventional methods is limited by a lack of affordable Internet access.
India: 9 PDD Holdings: E-commerce: 201.21 China 10 Alibaba Group: Technology: 183.48 China 11 PetroChina Company: Oil and gas: 181.19 China 12 China Mobile: Telecommunications: 178.24 China 13 Agricultural Bank of China: Banking: 176.83 China 14 Tata Consultancy Services: Technology: 162.98 India: 15 HDFC Bank: Banking: 152.69 India: 16 Bank of ...
In 2013, Alibaba had an e-commerce market share of 80% in China. [35] In 2014, Alibaba still dominated the B2B marketplace in China with a market share of 44.82%, followed by several other companies including Made-in-China.com at 3.21%, and GlobalSources.com at 2.98%, with the total transaction value of China's B2B market exceeding 4.5 billion ...