Future of China’s e-commerce industry

NEW DELHI: The Covid-19 pandemic has adversely impacted the global economy. But there is a particular sector that has flourished considerably throughout the period. It is the e-commerce and internet services provider sector.

With the growing concerns about the spread of the virus, people had started turning towards other modes of transactions, work, and leisure. Since the physical markets were all closed, owing to the lockdown, a major chunk of the populations around the world started shopping online, leading to some major boost in the business of e-sales giants.

China happens to be the world’s biggest web-based business market with more than 50% of international online exchanges happening inside the nation. In contrast to the United States, where web-based business is mostly a supplement to conventional physical stores that permit clients to buy products without leaving their homes, in China makers can sell merchandise online all through the nation without the need of an actual…

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