According to PayNXT360, the Social Commerce Industry in China is Expected to Grow by 38.5% on Annual Basis to Reach US$3,63,547.3 million in 2022| Social Commerce Industry Market Size and Forecast by Retail Product Categories| Ecommerce Industry Market Si

Social Commerce industry in China has recorded strong growth over the last four quarters, supported by increased e-commerce penetration and rising social commerce adoption in small cities.

According to PayNXT360's Q1 2022 Social Commerce Survey, social commerce industry in China is expected to grow by 38.5% on annual basis to reach US$3,63,547.3 million in 2022.

The social commerce industry is expected to grow steadily over the forecast period, recording a CAGR of 33.7% during 2022-2028. The social commerce GMV in the country will increase from US$3,63,547.3 million in 2022 to reach US$20,00,871.2 million by 2028.

Scope

This report provides in-depth, data-centric analysis of social commerce in China. Below is a summary of key market segments:

China Ecommerce Industry Market Size and Future Growth Dynamics by Key Performance Indicators, 2019-2028

China Social Commerce Industry Market Size and Future Growth Dynamics by Key Performance Indicators, 2019-2028

• China Social Commerce Industry Market Size and Forecast by Retail Product Categories, 2019-2028
¬--Clothing & Footwear
¬--Beauty and Personal Care
¬--Food & Grocery
¬--Appliances and Electronics
¬--Home Improvement
¬--Others

• China Social Commerce Industry Market Size and Forecast by End Use Segment, 2019-2028
¬--B2B
¬--B2C
¬--C2C

• China Social Commerce Industry Market Size and Forecast by End Use Device, 2019-2028
¬--Mobile
¬--Desktop

• China Social Commerce Industry Market Size and Forecast by Location, 2019-2028
¬--Domestic
¬--Cross Border

• China Social Commerce Industry Market Size and Forecast by Location, 2019-2028
¬--Tier-1 Cities
¬--Tier-2 Cities
¬--Tier-3 Cities

• China Social Commerce Industry Market Size and Forecast by Payment Method, 2019-2028
¬--Credit Card
¬--Debit Card
¬--Bank Transfer
¬--Prepaid Card
¬--Digital & Mobile Wallet
¬--Other Digital Payment
¬--Cash

• China Social Commerce Industry Market Size and Forecast by Consumer Demographics & Behaviour,2021
¬--By Age
¬--By Income Level
¬--By Gender

To get detailed insights and FREE sample report please click here @
https://www.paynxt360.com/report-store/view/china-social-commerce-market-intel-1360

Reason to buy

• In-depth Understanding of Social Commerce Market Dynamics: Understand market opportunities and key trends along with forecast (2019-2028).

• Insights into Opportunity by end-use sectors - Get market dynamics by end-use sectors to assess emerging opportunity across various end-use sectors.

• Develop Market Specific Strategies: Identify growth segments and target specific opportunities to formulate social commerce strategy; assess market specific key trends, drivers, and risks in the industry.

Columbia Blvd Suite C15-544670 Portland, Oregon, 97217

PayNXT360 is a strategy research and consulting firm providing a business intelligence on BNPL, prepaid cards, digital & mobile wallets, embedded finance, digital lending, remittance, and innovative payment solutions. Through exhaustive databases and in-depth analyst reports, we offer detailed and unbiased insights into emerging opportunities and risks across global markets. For more information, please visit our website www.paynxt360.com

This release was published on openPR.