A smaller ecommerce network may strengthen brand consistency in China, though it risks limiting long-term growth.

Third-party marketplaces concentrate most of the world's online shopping, and the model keeps expanding: social platforms now run marketplaces, US retailers are opening their marketplaces to international shoppers, and Latin America has become the most contested battleground. This FAQ covers how marketplace power is distributed, where the growth is, and what sellers should do about it in 2026.

Tepid sales growth reflects deepening consumer caution and weaker demand.

With domestic demand weakening, companies are chasing growth in the US and other international markets.

Alibaba, Pinduoduo, JD.com, ByteDance, and Xiaohongshu face scrutiny amid weak demand.

Retail media ad spend in Japan is growing fast. But it remains less mature due to a fragmented retail sector, strong traditional players, legacy systems, and a culture favoring offline relationships. Convenience stores and mobile payments will drive growth.

China rivalry and US headwinds dent earnings, even as Temu courts value seekers.

AI and food delivery investments drive revenue growth at Alibaba and JD, but at the expense of profits.

Global ad spending is accelerating again, despite geopolitical shocks. Digital is tightening its grip, even as traditional media gets a temporary boost from major events. The sources of growth are shifting across regions—and among platforms.

Asia-Pacific retail sales growth will stay resilient at 4.9% in 2026 despite volatility, as ecommerce in China nears 50% of retail sales, and livestreaming will top $1 trillion for the first time. Instant and AI-driven commerce will reshape the region’s digital commerce future, and India and Southeast Asia will power the next growth wave.

The retailer is betting that a first-party model will help it avoid Temu’s mistakes—and make inroads against Amazon.

Joybuy, the Chinese ecommerce retailer’s UK site, is scheduled to launch in March.

China’s ad rebound remains narrow; Q4 spending stabilized, but concentrated in low-risk, performance-driven channels—signaling a cautious market entering 2026.

JD.com beat analyst expectations in Q3 as subsidies, lower prices, and a more diversified revenue base encouraged spending despite China’s soft consumer climate. Growth in users and shopping frequency supported double-digit retail gains, while the company’s push into food delivery lifted sales but squeezed margins. JD is also testing its Joybuy platform in Europe and investing in Ceconomy AG to expand its footprint. While these moves help the company outpace a slowing market, the momentum relies heavily on subsidized growth, raising doubts about how sustainable the gains will be once incentives scale back.

Singles Day transactions in China rose 17.6% YoY to 1.7 trillion yuan ($240 billion), according to Syntun, marking a slowdown from last year’s 26.6% gain despite extended campaigns and heavy promotions from Alibaba and JD.com. Platforms poured billions into vouchers and discounts, but longer sale periods diluted urgency and limited impact. The event’s waning momentum highlights China’s broader economic challenges—rising frugality, youth unemployment, and deflationary pressures. To reignite excitement, platforms may need to move away from drawn-out promotions toward shorter, high-impact campaigns that restore Singles Day’s original urgency and appeal.

This year’s Singles’ Day sales period will be the longest yet as Chinese companies look to maximize revenues. JD.com, Xiaohongshu, and ByteDance's Douyin are among those hoping to get a head start over sale originator, Alibaba. Whether this year’s Singles’ Day turns into a price war depends on how strictly Beijing chooses to stem “disorderly” competition in the retail sector. While the government is unlikely to apply new competition guidelines too strictly this Singles Day, given the event’s importance to businesses and its role as a barometer of consumer confidence, the rules will inform how Alibaba, JD.com, and their peers approach pricing in the future.

Asia-Pacific ad spending growth will decelerate in 2025 amid tariff pressures, with digital and mobile driving growth. China faces headwinds, India enjoys rapid growth, and retail media expands and reshapes ad strategies across the region.

An intense price war, new entrants, and new investments are fueling China’s booming instant commerce sector. Sales are expected to outpace total retail ecommerce, making lower-tier cities the next battleground.

Asia-Pacific has the largest retail and ecommerce sales in the world. While China continues to dominate global ecommerce share, India and Southeast Asia are increasingly driving growth. As consumer sentiment improves in China, the retail sales gap with the first-place US will narrow in the coming years.

China is a global leader in online shopping, with high digital buyer and retail ecommerce penetration. Shoppers are comfortable buying luxury goods online and embracing livestreaming commerce.