Friday, September 17, 2021

Top 10 Chinese Online Retailers in 2020

You can read the ranking here. Clothing, daily necessities, home appliances, and 3C (computer, consumer electronics, and communication) products are top products. Out of top 100 businesses, 93 of them are not e-commerce businesses.

The top 10 ranking are:

10. Wumart Supermarket

9. Dingdong Macai online platform packed vegetables

8. RT Mart

7. Haier Smart Home

6. Huitongda - Provider of an e-commerce platform serving rural areas in China

5. Xiomi

4.  Midea

3.  Vipshop -  operates the e-commerce website VIP.com (formerly Vipshop.com) specializing in online discount sales.

2.  Suning - the provision of internet retail services. It focuses on retail, finance, and logistics three business units

1.  JD - main source of revenue is the Online Retail business. The company also generates revenue through the advertising and logistic services it renders to third-party vendors on its marketplace.

Jingdong China Profile, History, Trends in 2021 – China Internet Watch

Image credit - CIW China Internet Watch

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Oppenheimer and Oscar Economics

This  article  is quite long, but has important modern implications.  Source: Michael Ramirez, The Gazette.