On the Development of Chinese e-Commerce Market

Abstract

The article is devoted to the process of development of the Chinese e-commerce market in the structure of the Chinese economy. The process of formation and development of the Chinese e-commerce market is researched and analyzed, and the main events of the new stage of the Chinese e-commerce market are considered. At the same time, a justification is given for distinguishing two stages in the development of this market. The reasons for the successful development of Chinese companies in the field of e-commerce were identified, and China’s leading platforms in three types of e-commerce were studied: B2C, B2B, C2C. The study showed the great importance of e-commerce in the development of the Chinese economy, as it contributed to solving the most important tasks such as eliminating poverty, raising the living standards of both the urban and rural population.Aim. To explore the process of formation and development of Chinese e-commerce market.Tasks. To study and analyze the formation and development of e-commerce market, as well as to consider main events of a new stage of its development in the structure of the Chinese economy.Methods. In this work, we used such empirical methods as comparative analysis, such theoretical research methods as deduction; the method of historical analysis was used, as well as statistical methods and general logical methods (analysis and synthesis).Results. The study showed the great importance of e-commerce in the development of Chinese economy. It contributes to solution of such critical tasks as raising the living standards of both urban and rural populations, eradicating widespread poverty, etc. China is the world’s leader in terms of retail e-commerce. «Alibaba Group» has been the leader in B2B, B2C and C2C for many years. Today, Chinese companies are leaders in the global e-commerce markets. Results of the study are based on the analysis of information obtained from various available sources, including official statistics.Conclusion. The importance of e-commerce in the development of the Chinese economy in the 21st century is great. And this, in our opinion, is the merit of Chinese government, which supports development of the country’s technical progress, including development of e-commerce. Moreover, China’s transition to mobile Internet has accelerated development of e-commerce. At the same time, important factors in accelerating the development of this industry are active competition of companies in this area, support from private entrepreneurs in other countries and, most importantly, support from Chinese government. And all this has contributed to the fact that the Chinese e-commerce market has developed faster than e-markets of other countries.