Name: China is about to achieve a historic e-commerce milestone—and no other country comes close
Brand: fastcompany.com
SKU: fastcompany-com-116
Availability: OnlineOnly

critic

China is about to achieve a historic e-commerce milestone—and no other country comes close

preview

advertisementadvertisementChina is set to become the first country in history that will see a majority of its retail sales conducted online instead of via traditional brick-and-mortar stores. That’s according to a new report from digital marketing research firm eMarketer. “China will take a step in its digital transformation this year that once would have seemed almost unthinkable,” the firm’s research note explains. “For the first time anywhere, a majority of retail sales for an entire country will transact online.”advertisementSpecifically, China is set to see 52.1% of all its retail sales conducted online at the end of 2021. That’s up a staggering 7.3% from 2020, where China saw 44.8% of its total retail sales conducted online. According to eMarketer the historic switch to a majority-online retail sales country is driven by two main factors:But while China will see a shift to a predominantly e-commerce-driven retail sector, other countries are nowhere close to crossing the 50% threshold. South Korea is in second place, though e-commerce retail sales will only account for 28.9% of all retail sales in the country in 2021. America is even farther behind. Its e-commerce retail sales will only account for 15% of all retail sales in 2021.And online sales are only set to grow in China. eMarketer says in 2022 online sales will surge another 11%, reaching 55.6% of total retail. That year the country is also expected to hit another e-commerce milestone: over $3 trillion USD in e-commerce retail sales alone.advertisementadvertisementadvertisementadvertisementadvertisementadvertisement

advertisementadvertisementChina is set to become the first country in history that will see a majority of its retail sales conducted online instead of via traditional brick-and-mortar stores. That’s according to a new report from digital marketing research firm eMarketer. “China will take a step in its digital transformation this year that once would have seemed almost unthinkable,” the firm’s research note explains. “For the first time anywhere, a majority of retail sales for an entire country will transact online.”advertisementSpecifically, China is set to see 52.1% of all its retail...

public

Michael Grothaus

Fast Company is a monthly American business magazine published in print and online that focuses on technology, business, and design. It publishes eight print issues per year. Fast Company was launched in November 1995 by Alan Webber and Bill Taylor, two former Harvard Business Review editors, and publisher Mortimer Zuckerman.

https://en.wikipedia.org/wiki/Fast_Company

fastcompany.com

Credible

Speculation

Anecdotal Evidence

Generalization

Stacking the Deck

Appeal to Authority

Straw Man

Slippery Slope

Emotional Appeal

Red Herring

False Dilemma

Illogical

Moral Equivalency

Ad Hominem

Correlation w/o Causation

Semantics

Begging the Question

Faulty Analogy

Non Sequitur

Bandwagon

Dogmatism

Failing Occam's Razor

Biased

Pure Opinion

Hit Piece

Racial Bias

National Bias

Religious Bias

Financial Incentive

Political Agenda

Gender Bias

Misused Image/Video

Study Misinterpreted

Mistake

Misused Term

Science Misrepresented

Factual Error

Satire

Surface Level

Lack of Reliable Sources

Sensational

Not Credible

Investigative

Balanced

Well Sourced

Great Context

sports

entertainment

U.S.

international

business

technology

science

culture

politics

media

health

China is about to achieve a historic e-commerce milestone—and no other country comes close

No article scores yet.

CRITIC REVIEWS

PUBLIC REVIEWS