Published on : Jun 07, 2016
ALBANY, New York, June 07, 2016: ResearchMoz.us has announced the addition of a new report, titled “Business-to-Consumer E-Commerce Market in China 2016-2020,” to its expanding repository of research reports. The report is an all-important tool that provides answers to some of the pertinent questions in the business-to-consumer (B2C) e-commerce space in China. The report covers the current scenario and delves into factors that will impact the progression of B2C online retail channels in China for the period 2016-2020. The report also covers the market landscape, growth trends, and competitive structure of this market, based on which projections are presented herein.
The report analyzes top players in the China B2C e-commerce industry, namely, Alibaba, JD.com, Vipshop, Dangdang, and Suning. Some other prominent vendors in this space are Amazon China, GOME, LightInTheBox, Rakuten, Walmart, Best Buy, Jumei, Overstock, Sun Art, and Yixun.
B2C e-commerce involves retail that is carried out over the Internet. An array of products are retailed through the B2C e-commerce channel, which broadly fall under one of the product categories: Apparel, footwear, and accessories; beauty and personal care; publications; food and beverages; consumer electronics and electricals; and other products.
In China, the fourfold growth of the online retail channel is attributed to several reasons. Due to the sheer consumption potential in China, it has gained the attention of retailers across the world. Whilst traditional retail stores form a significant part of the retail space in the country, in the last few years, e-commerce has emerged as an important channel for retail sales. The B2C space, in particular, has caught the attention of global e-commerce retail giants such as Alibaba and Amazon, which have a foothold in multiple business verticals for online retail sales.
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The B2C e-commerce market in China will rise at a remarkable CAGR of 30.62% from 2016 to 2020, says the report.
The report states the reasons for the growth of the B2C e-consumer industry in China. The channel for retail sales over the Internet involves free shipping and hassle-free returns. Consumers can buy merchandise placing either one or more orders, which are shipped free of cost. Consumers can return defective or unwanted products without incurring any charge for shipping and handling.
However, the market faces certain growth impediments as well. The slow progression of payment options for online retail sales is challenging the market’s growth. Due to the availability of a limited number of payment alternatives such as PayPal and online banking, online retail sales are restricted to only consumers that are subscribed to these services. Nevertheless, the growth of mobile-commerce has been observed as a marked trend in the B2C e-commerce space. A large number of consumers, predominantly young consumers, are Internet-savvy and are intent on striking the best deals for the purchase they make.
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