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These other companies partnered with three of the largest e-commerce platforms in China, but it is also immersing itself in one of the most active e-commerce communities in the world.
As of 2019, China was the leading e-commerce market in the world with revenue of approx $863 billion. The Chinese e-commerce market alone contributed to the worldwide growth rate of approximately 16% in 2019. But what really puts this in perspective is the growth of China’s e-commerce penetration rate. Since mid-2019 only, the penetration rate grew by approximately over 5%. But just look at how China’s e-commerce penetration rate has grown since 2009. Check disclaimer on my profile and landing page.