The impact of globalization and the growth of China is very noticeable on the internet. Due to, among other things, the ultimate economies of scale that the internet offers and the importance of data, large, international parties are getting bigger Nepal B2B List and bigger. They simply often have more data at their disposal than the competition, can experiment more, can earn back technological investments over many more orders and also have access to much more capital.
Some data showing
During the last Singles Day, Alibaba generated a turnover of more than 84 billion (!) dollars. During Singles Day, more than 500,000 (!) orders are placed per second during peak times. An almost unbelievable number.
How China is developing:
Live shopping is playing an Nepal B2B List increasingly important role in China. A well-known influencer sold more than $1.7 billion worth of products on Alibaba’s Singles Day in a 12-hour live stream. Even before the event had even officially started .WeChat currently has 1.1 billion monthly active users. A number that continues to grow. Of all the time people spend on the internet on their mobile, they spend more than 30% on WeChat.China has Nepal B2B List a population of approximately 1.4 billion and about 939 million internet users. Last year, the number of internet users grew by more than 85 million people.