With a population of 1.4 Billion, the potential value growth in the Chinese online grocery market is phenomenal.According to Renub Research analysis, the China Online Grocery Market will be US$ 219 Billion by the end of the year 2026.Factors Driving the Online Grocery Market in ChinaThe rapid urbanization, rising income, food safety, and healthy diet leads to the growth of the packaged food market in China.During the coronavirus period, the sales of grocery items through online mode have drastically surged as these are count as essential foods for surviving.Renub Research report titled “China Online Grocery Market, by Segments (Packaged Food, Rice, Pasta and Noodles, Baby Food, Dairy, Confectionery, Savoury Snacks, Baked Goods, Edible Oils, Sweet Biscuits, Snack Bars and Fruit Snacks, Processed Meat and Seafood, Breakfast Cereals, Processed Fruit and Vegetables, Spreads, Ready Meals, Ice Cream and Frozen Desserts, and Soup), by Channel (Mobile, and Personal Computer), Company Analysis (Alibaba Group, JD, Tencent Holdings Ltd., Pinduoduo, Suning) & Forecast” provides an all-encompassing analysis on the China Online Grocery Market.Request a free Sample copy of the report: https://www.renub.com/request-sample-page.php?gturl=china-online-grocery-market-p.phpSegments - This report Covers the 16 Markets by Segment1.Ice Cream and Frozen Desserts16.We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.Our wide clientele comprises of major players in Life Sciences, Information Technology, Telecom, Financial Services (Banking, Insurance), Energy, Retail, Manufacturing, Automotive, and Social sector.
Starting from 2012, social e-commerce has developed for several stages, including direct and extensive exploration, mode discovery and high-speed development.At present, as the enhancement of new technological and informative infrastructures, social e-commerce is stepping into an explosive growth period.According to the data from China Internet Association, the total revenue of Chinese social e-commerce has surpassed RMB 2 Trillion in 2019, the 63.2% growth demonstrates that it is a hottest in the e-commerce industry.Until 2019, social e-commerce has accumulated more than 50 million practitioners, increased by 58.3% in comparison with the last year.Because of the prosperous and expanding market, more companies choose to participate in the field, such as JD.com, Tencent and Meituan.However, more enterprises have not increased the market competition due to the lack of professionalism for the industry.At present, there are three companies that have attracted attention in the social e-commerce field, Pinduoduo (NASDAQ: PDD), Yunji (NASDAQ: YJ), and WeTrade Group (US: WETG).
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