China has become the world’s largest E-Commerce nation.

China has become the world’s largest e-commerce nation. This is due to three factors:

  • China has the world’s highest acceptance of mobile payment which makes it possible to integrate mobile payment and many e-commerce functions into one - mobile - platform.
  • Innovation in e-commerce business models.
  • The huge size of the country. (the projected data for B2C e-retailing in 2022 is $956+ billion, s. article)

No doubt the future of e-commerce has arrived and is driven by China. While we looked at Silicon Valley mainly in the past, we must now look at China.

A guide to the complex & unique chinese online retail landscape: China E-Commerce is 'just the beginning'
Bundesrat Johann Schneider-Ammann lobt China-Abkommen