Friday, July 10, 2020

China overtakes Amazon

China's companies have grown in e-commerce and surpassed the results of retailer Amazon, a study by eMarketer points out.
According to the company, amazon's worldwide sales, recently named as the world's most valuable brand, are projected to reach $416.48 billion this year.
However, considering only sales within the Chinese market, Alibaba e-commerce is expected to reach $1,170.47, while JD.com already trades $357.74 billion. In third place is the Pinduoduo platform, with US$ 218.54 billion.
In the United States, the sales forecast for Amazon this year is $269.41 billion, a figure that surpasses only the third Chinese player.
Giro News - 09/07/2020 News Item translated automatically
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