Amazon is still getting dominated in China
Amazon has become near-synonymous with online shopping in the US, but as this chart from Statista shows, it's barely a blip in the largest market out East: China.
According to a recent report from Chinese market research firm iResearch China, Amazon's Chinese site holds less than 1% of the country's $378 billion e-commerce business in terms of market share.
This has been an ongoing struggle. Amazon bought Joyo, the biggest online book seller in China at the time, in 2004, and rebranded it as Amazon China in 2011. It made a limited version of its Prime service available in China late last year. Yet it's remained well behind Alibaba, the other global e-commerce giant that runs Tmall.com, and the growing JD.com, in which Walmart has a 12% stake.
When it comes to international sales, Amazon now has its eyes - and pockets - more squarely set on India as a result.
Statista
- We bought a house in Japan for $30,000. We'll have more land than we could afford in the US, and our kids will be more independent.
- Rumors Prince William is having an affair with Rose Hanbury are flooding social media again after Stephen Colbert waded into 'Katespiracy'
- CEO says he tried to hire an AI researcher from Meta, and was told to 'come back to me when you have 10,000 H100 GPUs'
- Garden city to concrete jungle: Bengaluru city has just 7% green cover left, reveals IISc study
- India can sustain 8% growth, even higher: RBI bulletin
- Zomato launches 'Pure Veg Mode' with vegetarian riders from eateries that don't serve meat
- Dalal Street investors become poorer by ₹4.86 lakh cr as markets tumble
- Housing markets remain strong in 2024, sales rise 20% across six metro cities in Q1