The biggest player in the Chinese eCommerce Market is jd.com. The store had a revenue of US$74.2 billion in 2019. It is followed by suning.com with US$23.4 billion revenue and vip.com with US$13.2 billion revenue. Altogether, the top three stores account for 15% of online revenue in China.
Store rankings are based on every store that generates revenue in China. These stores can either have a national focus and only sell in their main country or operate on a global scale. For this evaluation, only revenue created in China was considered.
One of the fastest-growing stores in the Chinese market is hksuning.com. The store achieved sales of about US$0.1 billion in 2019. Its revenue growth amounted to 230% in the previous year.
Digital Market Outlook by Statista
The Digital Market Outlook presents up-to-date figures on markets of the digital economy. The comparable key figures are based on extensive analyses of relevant indicators from the areas of society, economy, and technology.
Market expansion in China is expected to continue over the next few years, as indicated by the Statista Digital Market Outlook. It has been predicted that the compound annual growth rate (CAGR 19-23) for the next four years will be 11%. Compared to the year-over-year growth of 14%, this decrease suggests a moderately flooded market. Another indicator of market saturation is the online penetration of 59% in China; in other words, 59% of the Chinese population have bought at least one product online in 2019.
Five categories are considered by ecommerceDB. Fashion is the largest segment in China and accounts for 39% of the eCommerce revenue in China. This is followed by Electronics & Media with 21%, Toys, Hobby & DIY with 18%, Furniture & Appliances with 15% and Food & Personal Care with the remaining 7%.
In China, SF Express is the most frequently offered delivery service provider among online stores. Of those stores that indicating which service they use to transport their goods, 38% cited SF Express as one of their providers. Moreover, EMS and Own delivery service are among the top three shipping service companies offered by online retailers in China, at rates of 34% and 18%.
Shipping information is based on orders from the store's main country, which is defined as the one where the store generates most of its online revenue. In this case, it is China. Only stores that provide information about their shipping providers can be considered.
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|3.||Own delivery service||18%|