China’s Ecommerce market is set to hit $274.5 billion this year. However with the rise in mobile usage the Mcommerce space is expected to double, reaching an expected $51.62 billion.
China’s mobile market has seen a shift in the last couple of years with 80% of all new phones being smartphones. It is due to these mass numbers of capable devices that mobile sales are reaching an all-time high as of late in China and the local Mcommerce market is growing at a faster rate than standard Ecommerce outlets and solutions.
A new infographic compiled by research firm Go Globe breaks down the Chinese Mcommerce market. Key findings from the infographic show a 91.1% growth rate of mobile based trnasactions compared to 2013, Ecommerce with Mcommerce in toe are soon expected to reach a saturation point by 2015 through 2018 resulting in numbers plateauing, and lastly Alibaba’s marketplaces TaoBao and TMall are still expected to lead the pack with a 76.1% market share.
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Below is the infographic courtesy of Go Globe:
Image courtesy of Flicker