The news: More than 320 million people in China will make at least one purchase from a livestream this year, according to our latest forecast.
More on this: Fundamentally, China’s global lead in ecommerce sales is a result of its enormous base of internet users.
The challenge: China’s digital buyer growth is slowing dramatically.
The big picture: Although China has kept the virus largely under control since mid-2020, various pandemic-related constraints served to influence consumer behavior in lasting ways.
Last year, shoppers seeking to replicate the in-store experience—including interactions with salespeople and realistic looks at the product—found what they needed in livestreaming channels, and this year, they’re sticking with that mode of buying.
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