China E-Commerce on track to 59% of world E-commerce in 2021

E-commerce sales in China was over $1 trillion in 2017.

Alibaba paid about $6 billion to take control of China’s top supermarket chain and one of its biggest department-store franchises.

A Guangzhou-based startup called BingoBox has built a network of 300 fully automated convenience stores. The free-standing glass boxes, about half the size of a 7-Eleven, stock a similar assortment of merchandise, all of it labeled with RFID tags. Shoppers gain access by scanning a QR code displayed on the front of the store with the WeChat app.

BingoBox started in 2016 and has raised about $100 million from investors led by GGV Capital and Fosun Capital.

25 thoughts on “China E-Commerce on track to 59% of world E-commerce in 2021”

  1. Yeah…eCommerce in China? So what? The real issue is: Why isn’t Next Big China already saturated in e-Commerce in its economy?

  2. Yeah…eCommerce in China? So what?The real issue is: Why isn’t Next Big China already saturated in e-Commerce in its economy?

  3. What is going to happen when they have to pay full shipping rates to US customers? No more free loading on the USPS boys.

  4. What is going to happen when they have to pay full shipping rates to US customers? No more free loading on the USPS boys.

  5. I meant who is and who owns eMarketer.com? Where do they get those numbers and why should we believe them?

  6. The title says 59% of WORLD e-commerce. So, B.S. on them. The graph IS about China. Who is EMarketer.com and who OWNS them? I bet the owner starts with a C.

  7. I meant who is and who owns eMarketer.com? Where do they get those numbers and why should we believe them?

  8. The title says 59{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} of WORLD e-commerce. So B.S. on them. The graph IS about China. Who is EMarketer.com and who OWNS them? I bet the owner starts with a C.

  9. I meant who is and who owns eMarketer.com? Where do they get those numbers and why should we believe them?

  10. I meant who is and who owns eMarketer.com? Where do they get those numbers and why should we believe them?

  11. The title says 59% of WORLD e-commerce. So, B.S. on them. The graph IS about China. Who is EMarketer.com and who OWNS them? I bet the owner starts with a C.

  12. The title says 59{22800fc54956079738b58e74e4dcd846757aa319aad70fcf90c97a58f3119a12} of WORLD e-commerce. So B.S. on them. The graph IS about China. Who is EMarketer.com and who OWNS them? I bet the owner starts with a C.

  13. What is going to happen when they have to pay full shipping rates to US customers? No more free loading on the USPS boys.

  14. What is going to happen when they have to pay full shipping rates to US customers? No more free loading on the USPS boys.

  15. Yeah…eCommerce in China? So what? The real issue is: Why isn’t Next Big China already saturated in e-Commerce in its economy?

  16. Yeah…eCommerce in China? So what?The real issue is: Why isn’t Next Big China already saturated in e-Commerce in its economy?

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