China is dominating the online commerce industry, with its market size estimated to be nearly three times that of the United States. The gap is likely to widen even further in the future.
Initially, the United States led the e-commerce sector with Amazon’s significant influence. However, as China advanced its information and communication technology (ICT), its companies evolved and eventually surpassed the U.S. In recent years, the balance of power has completely shifted.
A detailed look at statistics from Chinese media outlets like the Hong Kong Economic Times reveals the extent of this shift. As of 2023, the international e-commerce market is estimated to be around $6 trillion. China’s share is approximately 6%, or about $350 billion. At first glance, this might seem modest.
However, the U.S. market is only about one-third of China’s, at around $130 billion. Zhou Ying, an e-commerce analyst in Beijing, stated, “China has far surpassed the U.S. in e-commerce and the delivery economy. While the economic scale suggests a different market size, the reality tells a different story.” This high assessment of China’s competitiveness seems well-founded.
China’s status as the unrivaled powerhouse in the international e-commerce market is related to the intense competition. The fierce rivalry has led to the emergence of giants like AliExpress, Temu, and Shein, which now dominate the global market.
We should also mention the high percentage of the population participating in the e-commerce market. Approximately 50% of the population is involved in the industry. This figure far surpasses South Korea’s 30% and is incomparable to the U.S.’s 16%. It seems reasonable to assert that China will become an even more powerful player.
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