The US Ecommerce Market is currently Pegged at $632 billion by 2020, where as the Chinese Ecommerce Market is Pegged at $1.7 Trillion. It's clear from our stats that Amazon is stealing all the new customers who’re spending online in the US. Although Alibaba already accounts for more than 80% of all online purchases in China, with just a 53% internet penetration, there is still a lot of room for growth.
Just to get an idea of which company is on a faster growth trajectory, and depict this in a very well detailed infographic.
H/T: ecommerce platforms
Just to get an idea of which company is on a faster growth trajectory, and depict this in a very well detailed infographic.
H/T: ecommerce platforms