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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.
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 ...
After a three-year development period between 2016 and 2018, China’s livestreaming e-commerce industry became popular in 2019. Today, it is a well-established ecosystem which in 2020 counted over 8,800 companies and 1.23 million live hosts, known in China as Key Opinion Leaders (KOLs), according to Shanghai-based new retail research firm iResearch. [3]
The term EDI encompasses the entire electronic data interchange process, including the transmission, message flow, document format, and software used to interpret the documents. However, EDI standards describe the rigorous format of electronic documents , and the EDI standards were designed, initially in the automotive industry , to be ...
[1]: 130 China's wide adoption of mobile payments without significant credit card usage is an example of leapfrogging development. [ 1 ] : 130 The increase of mobile payment systems such as Alipay and WeChat Pay have facilitated the rapid rise of e-commerce in China. [ 2 ]
The State Administration for Market Regulation (SAMR; 国家市场监督管理总局) is a Chinese ministerial-level agency directly under the State Council of the People's Republic of China responsible for market supervision and management. SAMR was established in 2018. It is China's primary antitrust regulator.
China International Electron Commerce Center (CIECC) is a government agency operating under the Ministry of Commerce of the People's Republic of China, that develops information projects. CIECC also facilitates international cooperation and exchanges in the electronic commerce with other countries at the state level.
In 2003, eBay acquired Eachnet, China's online auction leader at the time, [7]: 51 for US$180 million. It became a major contender in the Chinese consumer e-commerce market. [8] Responding to eBay's moves Alibaba launched Taobao as a rival consumer-to-consumer platform. [7]: 51 To counter eBay's expansion, Taobao offered free listings to sellers.