Forecasts
| JUL 20, 2022
Forecasts
| JUL 11, 2022
Report
| JUN 28, 2021
Social commerce is rising rapidly worldwide. But to what extent can the US market mirror that of China, the world leader in social commerce?
Report
| JUL 9, 2021
China continues to lead the world in all things ecommerce, including innovation. Social commerce livestreaming is just one of many new stories for 2021 and beyond.
Article
| MAR 21, 2022
Chinese authorities are reportedly considering roping WeChat Pay into the spin-off, which may further complicate regulatory matters for Tencent.
Article
| JUL 18, 2022
ByteDance looks to extend its app hits and take on a rival: TikTok’s owner launches recommendation app Kesong in the China market to challenge Tencent.
Report
| MAY 17, 2022
Social commerce will help drive growth for other platforms. Meta’s huge user base and big lead in digital advertising don’t automatically mean it will be the kingpin of social commerce. We anticipate TikTok’s aggressive moves in creator commerce—rooted in its sister app Douyin’s successes in China—and Snapchat’s push into AR shopping will help boost engagement on these platforms. What It Means.
Report
| MAR 30, 2022
There’s no reason to believe that TikTok’s social commerce rollout will be any different. “The Chinese consumer now expects to have commerce in their content,” said Derek Trau, COO at SuperOrdinary, a global distribution partner and brand accelerator for beauty and personal care brands.
Forecasts
| JUL 11, 2022
Forecasts
| JUN 3, 2022
Report
| JUL 29, 2022
Challenging macroeconomic conditions have ushered in an era of more modest spending growth in China. But the outlook remains positive in spaces that are capturing consumer interest and demand—like live commerce and digital groceries.
Article
| JUL 20, 2022
Article
| JUN 15, 2022
With China showing no sign of loosening its strict zero-COVID stance, Chinese shoppers will likely continue to rely on ecommerce platforms to deliver everything from groceries to apparel—but convincing them to spend on bigger-ticket items like electronics will be difficult as consumers remain cautious.
Article
| JUN 7, 2022
Social commerce, in fact, is growing rapidly—although the main goals for these companies are likely higher engagement, creator retention, and better data for ad targeting, as much as affiliate fees or commissions.
Article
| MAY 26, 2022
Digital grocery delivery is more profitable in China than in the West, given the region’s ample supply of migrant workers and abundance of high-density cities. It is much easier for carriers to spread shipping costs across a larger number of orders. Prior to the pandemic, digital grocery was already luring Chinese urbanites with its convenience.
Report
| JAN 18, 2022
WeChat’s 811.0 million monthly users in China this year would place the super app in second place in Asia-Pacific, according to our figures. Tencent’s flagship also has millions of additional users among the Chinese diaspora in the region and around the world. Douyin’s 692.5 million users this year (all in China) would put it in third in the region.
Report
| DEC 15, 2021
Report
| NOV 22, 2021
China joined 16 other countries when its powerful Personal Information Protection Law came into effect in November 2021. The law gives consumers even more opt-in rights than GDPR, and regulators in China have more leeway in enforcement.
Report
| OCT 29, 2021
Mobile payments are near universal across use cases in China, thanks to high mobile penetration and the rise of a wallet duopoly that’s made them accessible, affordable, and convenient.
Report
| SEP 9, 2021
We also expect that Amazon will make moves internationally, having filed “Amazon Pharmacy” trademarks or patents in the following markets: Canada, the UK, Australia, Brazil, China, Egypt, the EU, India, Israel, Japan, Mexico, Singapore, Taiwan, Turkey, and the UAE. While that doesn’t indicate imminent moves, it does signal Amazon’s intention to scale its online pharmacy beyond US borders.
Article
| MAR 7, 2022
And mobile payments are nearly ubiquitous in China: Third-party mobile payment transactions hit RMB 249 trillion (approximately $39 trillion) in 2020, per iResearch Consulting Group. Related content: Check out our “China Mobile Payments Forecast 2021” report for an in-depth review of China’s mobile payments landscape and how China’s CBDC is coming into play.
Chart
| MAR 28, 2022
Chart
| MAR 28, 2022
Article
| FEB 25, 2022
Alibaba’s stranglehold on ecommerce in China is loosening: The company’s earnings disappointed amid weakening consumer demand, robust performances from rivals, and more scrutiny from Beijing.
Article
| JUN 11, 2020
Retail social commerce sales in China will grow to $242.41 billion (RMB1.675 trillion) this year, accounting for 11.6% of total retail ecommerce sales in the country, according to our latest estimates.