PayFast has launched its annual Black Friday and Cyber Monday live spending tracker, with the dashboard showing that someone has already spent over R100…
We know that China’s ecommerce market is set to see US$274.5 billion in spending in 2014, but how much of that will be done from mobile devices? The answer is, by the best estimates, US$51.62 billion spent via mobile commerce this year. That’s nearly double the mcommerce tally in 2013.
Now that smartphones account for over 80% of China’s new phone sales, it’s inevitable that the m-commerce sector is growing faster than the ecommerce industry itself. It’s time for all ecommerce companies to pay a lot more attention to their phone and tablet apps.
A new infographic by Go Globe compiles a bunch of the latest statistics about China’s mobile-based ecommerce sector. Aside from how much is being spent, it shows which sites they’re using, and how they’re paying up. A few figures to look out for:
- Mobile shopping spending will grow 91.1% from 2013 to 2014.
- As ecommerce gets closer to saturation point in China, that growth on mobile will slow a lot from 2015 through 2018.
- Alibaba’s Taobao and Tmall sites still dominate the sector – accounting for 76.1 percent of ecommerce spending from mobile devices.
Here’s the infographic:
Infographic by- GO-Globe.cn
This article by Steven Millward originally appeared on Techinasia, a Burn Media publishing partner..