In global historic first, #ecommerce in China will account for more than 50% of #retail sales. This year, China will take a step in its digital transformation that once may have seemed almost unthinkable. eMarketer forecasts that 52.1% of the country’s retail sales will come from ecommerce in 2021, up from 44.8% a year prior. That means that for the first…
Posts Tagged:China
The Jack Ma Effect. When Chinese Internet billionaire Jack Ma – founder of e-commerce behemoth Alibaba – started out looking for work in life, he was rejected left right and centre by dozens of companies, including KFC, which had just entered China. “I went to KFC when it came to my city. Twenty-four people went…
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