News Snapshot:
Chinese e-commerce market, the world’s largest, is estimated to register a strong growth of 17.2% in 2021, as consumers increasingly shift from offline to online. Against this backdrop, e-commerce value is expected to grow at a strong CAGR of 11.6% between 2021 and 2025 to reach CNY21.4 trillion (US$3.3 trillion) in 2025, says GlobalData, a leading data and analytics company. Chinese e-commerce evolved rapidly during the last five years, supported by high Internet and smartphone penetration, increasing consumer confidence in online shopping, emergence of e-commerce platforms, and the availability of various alternative payment solutions such as Alipay and WeChat Pay....
