{"id":102,"date":"2013-04-11T13:34:00","date_gmt":"2013-04-11T13:34:00","guid":{"rendered":"http:\/\/lamarduffy.com\/?p=102"},"modified":"2014-01-28T14:42:01","modified_gmt":"2014-01-28T14:42:01","slug":"e-commerce-in-china","status":"publish","type":"post","link":"https:\/\/lamarduffy.com\/?p=102","title":{"rendered":"E-Commerce in China"},"content":{"rendered":"<p>Now a days if your business has website you are selling to the whole world. That said you should be planing your e-commerce strategy into China.<\/p>\n<p>In case your still\u00a0doubting\u00a0the size of the Chinese market&#8230;BCG forecasts there\u2019ll be 280 million(the population of the US) affluent consumers in China with a disposable income of $20K to $1m, by 2020.\u00b9 Thats a lot of people. The majority of Chinese live in 200+ secondary cities(with 1 million + people in each). However, many of these cities lack a large verity of\u00a0foreign\u00a0retail stores. So where do these people shop?&#8230;<\/p>\n<p>Online.<\/p>\n<p>Single\u2019s Day, Nov 11, or \u201811,11\u2019 2012, saw China\u2019s online retailers slash prices by up to 70%, drawing \u00a0shoppers in their droves.\u00a0 On China\u2019s TMall and Taobao alone, Chinese filled their carts with $3 billion of goods in 24 hours, eclipsing the $1.25 billion record US retailers did on Cyber Monday.\u00b2 \u00a0 And thats just the start of things.<\/p>\n<p>We estimate that by 2020, as 15 to 20 percent annual growth rates (before inflation) continue, e-tailing could generate $420 billion to $650 billion in sales, and China\u2019s market will equal that of the United States, Japan, the United Kingdom, Germany, and France combined today.\u00b3<\/p>\n<p>When everything is said and done, deciding on how to move into the Chinese market really depends on a lot of factors, but certainly e-tailing in China is something that can not be overlooked.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<h6>\u00b9\u00a0\u00a0\u00b3\u00a0http:\/\/www.mckinsey.com\/Insights\/Asia-Pacific\/China%20e-tailing<\/h6>\n<h6>\u00b2 http:\/\/www.searchenginejournal.com\/sell-online-in-china\/51958\/<\/h6>\n","protected":false},"excerpt":{"rendered":"<p>Now a days if your business has website you are selling to the whole world. That said you should be planing your e-commerce strategy into China. In case your still\u00a0doubting\u00a0the size of the Chinese market&#8230;BCG forecasts there\u2019ll be 280 million(the population of the US) affluent consumers in China with a disposable income of $20K to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[30,37,28,29,34,41,31],"_links":{"self":[{"href":"https:\/\/lamarduffy.com\/index.php?rest_route=\/wp\/v2\/posts\/102"}],"collection":[{"href":"https:\/\/lamarduffy.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lamarduffy.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lamarduffy.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lamarduffy.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=102"}],"version-history":[{"count":4,"href":"https:\/\/lamarduffy.com\/index.php?rest_route=\/wp\/v2\/posts\/102\/revisions"}],"predecessor-version":[{"id":193,"href":"https:\/\/lamarduffy.com\/index.php?rest_route=\/wp\/v2\/posts\/102\/revisions\/193"}],"wp:attachment":[{"href":"https:\/\/lamarduffy.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lamarduffy.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lamarduffy.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}