Tag Archives: china

An Overview of the Ecommerce Market Globally

What could we expect until 2021

Our markets have been transformed digitally in every sense. Life has become much easier, compared to a decade back. People prefer to buy a product online as it helps them save their time, avoid traffic and your product is there at your doorstep. So this is a very serious market, and everyone, be it a Major company or a startup has the access to reach across their targets with ease. Its more of an equal opportunity that makes the digital world a step ahead compared to offline sales or marketing.

The eccomerce market is in a state of expansion and consolidation. There are even more consumers who are going digitally, which means worldwide retail ecommerce is sales are rising. This also means that the big fishes, that are Amazon and Alibaba are expanding their kingdom to smaller and secondary markets by buying local companies.

 

   It is said that the retail ecommerce markets are shooting up in 2017, rising by 23.2 %, i.e  $2.290 trillion. It is estimated that by the end of 2021,  equating to 16.1% of their total sales.

On a global level, Amazon and Alibaba are leading the market, around the world. Accoridng to Deloitte, report in January 2017, the sales for Amazon reached $79.27 billion, which is nearly triple of the second  largest digital retailer, China based JD.com ($ 26.99 billion). This ranking is followed by Apple on the third with $24.37 billion and Wallmart ($ 13.70 billion).

 

              

 

Alibaba is not featured on Deloitte’s list, likely because the data excludes consumer-to-consumer (C2C) sales and sales from third-party sellers, both of which make up a large part of Alibaba’s business. When those are included, however, Alibaba is likely on par, if not ahead, of Amazon.

  • Retail ecommerce sales worldwide will increase at four times the rate of retail sales this year, jumping 23.2% to $2.290 trillion. Ecommerce sales growth will stay in the double digits throughout the forecast period.
  • China and the US will combine for $1.584 trillion in ecommerce sales this year, representing 69.1% of global ecommerce.
  • In 2017, mobile commerce will account for more than 70% of ecommerce sales in both China and India, and 59.0% in South Korea. In Germany, the UK and US, mcommerce will comprise at least one-third of total retail ecommerce sales.

   Our markets are growing at a high scale everyday, and in time, we realize that the development is so high that we can’t even imagine how better the digital market can come up with a better idea, that helps lead in the competition ladder. Our future is bright, its getting smarter and faster by day.

Sources:
https://www.emarketer.com/Report/Worldwide-Retail-Ecommerce-Sales-eMarketers-Estimates-20162021/2002090
https://retail.emarketer.com/article/brief-overview-of-global-ecommerce-market/59690010ebd40005284d5cc5

 

 

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China’s futuristic elevated bus

Actually, it is called Transit Elevated Bus (TEB) and its concept was presented at the 19th China Beijing International High-Tech Expo in May. At the time developers had only miniature model to show but claimed that they could build the bus till August. Surprisingly they did and showed working version of their TEB on August 2nd during its first test drive on 300 meters’ track.

TEB2TEB1

Testing in Qinhuangdao, China was about to evaluate its aerodynamic drag, rolling resistance, breaking system and power consumption. The tested compartment is 22 meters long, 7.8 meters wide, 4.8 meters high and can carry up to 300 passengers.

TEB is electrically driven elevated tram/bus hybrid allowing it to transport people over the cars(traffic).

TEB

The project seems to be successful as based on what developers say it will be finished in one year. Moreover, already several countries reached out to ask about the possibility of licensing their own versions. Among those countries were France, Brazil, India, and Indonesia.

What is your opinion on this project? Can you imagine it being used in European capitals or do you know about better alternatives to improve public transport and to overcome traffic jams?

 

Sources:

http://news.xinhuanet.com/english/2016-08/02/c_135558764.htm

http://www.vox.com/2016/8/5/12371012/transit-elevated-bus-china

https://techcrunch.com/2016/08/02/china-has-actually-built-that-elevated-bus-that-travels-above-car-traffic/

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Chinese woman is considered to be dead for ten years lived in Internet cafes playing online shooter

Chinese girl Xiao Yun, which over the last ten years, presumed dead, discovered during a police raid at an internet cafe in the province of Zhejiang. This is with reference to local newspaper Qianjiang Evening News Portal reports The Star Online.

According to parents, Xiao Yun left home at age 14 in 2005, and since that time considered as missing. She was presumed dead until 20 November 2015, when it was early in the morning during the ordinary police raid discovered at a local internet cafe.

14 Mar 2006, HEFEI, China --- Chinese use computers at Internet cafe in Nanjing --- Image by © STRINGER/CHINA/Reuters/Corbis

Check showed that the 24-year-old Xiao Yong used forged documents. She was taken to the nearest police station for questioning, which found that in the last ten years she lived mainly in Internet cafes.

The girl, a fan of multiplayer shooter CrossFire, almost all the free time spent on the game, and for personal hygiene use public baths. For the life of Xiao Yun earned from time to time settling a cashier in an internet cafe. In them she usually slept.

Police fined Woman on one thousand yuan (about 150$), and then against her will contacted her parents. Mother Cao Yong’s conversation with the Qianjiang Evening News reported that in the last 10 years did not change your phone number in case the daughter wanted to contact her. The woman admitted that because of her quick temper often beat daughter, but promised never to it is no longer in conflict.

The history of San Yong – not an isolated case. In the spring of 2013 the media reported on the Chinese who had lived for six years in an Internet cafe, leaving it only to take a shower. Man provide for themselves by selling virtual goods in online games for real money.

At the beginning of 2015 on this kind of “Internet cafe refugees” in Japan, was cast a documentary film. In the picture it was reported that many Japanese because of the lack of a permanent job are forced to live in small closets in an Internet cafe, where they spend most of their free time sitting in a network and playing online games.

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