Chinese social commerce comprises 11.6 percent of online sales

Chinese Social Commerce - man and woman using phones in Beijing

Retail sales over this channel have been skyrocketing across the country and will continue growing. Chinese social commerce is rapidly rising and is expected to reach $242.41 billion in 2020, comprising 11.6 percent of the total online retail sales in the country, according to a new eMarketer forecast report. The report predicts that by 2023, the growth rate will bring that figure to almost double that level. The report indicated that Chinese social commerce would continue an extremely rapid rise for retail sales, almost doubling by the close of 2023,…

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