News Snapshot:
China’s e-commerce market, the world’s largest, is expected to register a strong growth of 10.4% in 2022, as consumers are increasingly shifting from offline to online. The market is expected to grow by 10.4% in 2022 to reach CNY14.5 trillion ($2.3 trillion), forecasts GlobalData , a leading data and analytics company. According to GlobalData’s E-Commerce Analytics , e-commerce sales in China grew at a compound annual growth rate of 13.3% between 2018 and 2021 to reach CNY13.1 trillion ($2.1 trillion) in 2021. China accounted for over 37% share in the global e-commerce market, in terms of payments value in 2021....
