China leads the world in retail
eCommerce share, with 45.3% of the country’s retail sales occurring online this year. The UK will take the No. 2 spot, with a 35.9% share, followed by South Korea, where 30.1% of retail sales will be via eCommerce. Not only does China have the highest online sales share, but it also has the largest eCommerce market in the world, hitting $2.879 trillion this year.
The Canadian eCommerce will make up only less than 14.0% of total retail sales, as local shoppers are much slower to adopt online shopping habits. Needless to say, eCommerce is the future of commerce and a particularly critical component of enhancing your business model. Not only would it significantly elevate customer experiences, but it could also take you places. Places like China, where their eCommerce market is larger than all North America's and Europe's combined.
Catalystx prepares Canadian SMEs to be export-ready for the Chinese eCommerce market, which helps diversify your market options, increase revenues and cash flow, decrease risk, and make your business more robust. We specialize in integrating your business into global eCommerce ecosystems and offering a clear pathway to China's E-market and beyond.