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What we can learn from China’s commerce trends
When it comes to commerce tech, China is in its own world of innovation—one that much of the Western world hasn't even started catching up to.
Ecommerce is currently a trillion-dollar industry in China, and over half of the world’s eCommerce transactions take place in China.
Meanwhile, in 2021, the U.S. saw $870 billion USD in eCommerce sales. Canada saw slightly over $53 billion USD.
China’s leading tech innovation is a top reason for its place as a global commerce leader. Many of the world’s most popular social media and commerce platforms started in China first and then moved westward.
The most prevalent example: TikTok.
TikTok, first known as ByteDance and now Douyin, had hundreds of millions of users in China before it ever launched in the U.S. and Canada.
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When it comes to commerce tech, China is in its own world of innovation—one that much of the Western world hasn't even started catching up to.
Ecommerce is currently a trillion-dollar industry in China, and over half of the world’s eCommerce transactions take place in China.
Meanwhile, in 2021, the U.S. saw $870 billion USD in eCommerce sales. Canada saw slightly over $53 billion USD.
China’s leading tech innovation is a top reason for its place as a global commerce leader. Many of the world’s most popular social media and commerce platforms started in China first and then moved westward.
The most prevalent example: TikTok.
TikTok, first known as ByteDance and now Douyin, had hundreds of millions of users in China before it ever launched in the U.S. and Canada.