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Increasing Internet Penetration Coupled with Higher Spending Power to Drive E-commerce Market in China

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Published on : Dec 08, 2017

ALBANY, New York, December 08, 2017: Market Analysis and Development Strategy of E-Commerce in China 2017-2022 is the newest report added in the huge report database of the ResearchMoz.biz which sheds light on the e-commerce market landscape of China in terms of overall analysis of the market and strategy for market development for the given forecast period of 2017 to 2022. The study report maps the China market for e-commerce in terms of the current trends that are presently prevailing in the local market, driving and impeding factors of the China market, and the potential opportunities that may come up in the market during the course of the given period of forecast.

The research report also offers an in-depth assessment of the present dynamics of the China market for e-commerce and sheds light on the overall competitive scenarios of the market. The study report is the end product of the information collected through in-detail assessment of the market and the data gathered from the professional working in the industry. The research report also offered vital information on the key companies that are currently plying their trade in the China market for e-commerce. The study report also maps the all-round prospects of development of the global market over the course of the given forecast period of 2017 to 2022.

This 135 page long report offers stats and information important for the study of market. The section of market overview of the research report represent the dynamics of the market and the factors that are impacting the market present and the future outlook of the China market. An attractive analysis of the market has also been offered in the research report about each key segment, so as to give an in-detail assessment of the overall market competition in China market for e-commerce. In addition to this, the research report also offers a precise overview of the several business strategies taken up by the key companies in the market. 

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In the past few years, the salary levels of Chinese citizens have developed consistently, to additionally enhance the capacity of people for online shopping, which viably marketed the improvement of China's e-commerce industry. Stats demonstrate that, in 2016, the national per capita disposable income was RMB 23,821, up 8.4% over the last year, in the wake of deducting cost factors, the real increment was of 6.3%. 

As of June 2017, Chinas netizen scale came to around 731 million. In 2016, Chinas rate of internet penetration was 53.2%, as compared to the end of 2015 with improvement of 2.9%. 

With the swift advancement of e-commerce market in China, the scale of transaction is developing too. In 2016, the size of transaction of e-commerce was accounted near about RMB23.0 trillion, with YoY development of 25.5%. As per State Statistics Bureau, volume of transaction on online shopping exchange add up to 14.9% of average social retail deals in 2016, with YoY development of 2.2%. It is anticipated that the scale will achieve 16.6% of growth in 2017. With increase in the number of mobile users, m-commerce in China is expected to become a highly popular trend. In spite of the fact that it might have wide range of application, m-commerce in China is still at an underlying stage and the development of credit system is as yet not so strong. Related laws and mandates ought to be seen out for the overall improvement of m-commerce in China. 

With consistent advancements of e-commerce, business of online payment with the help of third party payment system is expected to grow as well. The scale of transaction of online third party payment has achieved RMB19.2 trillion, with YoY development of 60%.

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