Since its
emergence in the last decade, e-commerce has seen tremendous growth and great
changes to how businesses are being run. Many have made speculations about the
future of e-commerce, and undoubtedly it will play a significant role in the
global market.
Here are 3 predictions and speculations we've made regarding the future of
e-commerce and where it would be headed:
1. The potential growth of e-commerce
Statista predicts
that global e-commerce sales will skyrocket and grow exponentially in coming
years, doubling e-commerce revenue within just 5 years. Clearly, e-commerce is
set for leaps and bounds in its development.
2. Mobile-friendliness to become essential
With mobile
e-commerce sales expected to constitute over 72.9% of e-commerce sales in 2021,
surfing the Internet by just your PC will soon become a thing of the past.
Mobile-friendliness will become crucial to e-commerce, and online shopping
platforms will have to compete for speed.
3. Social media: the way to consumers’ hearts
While
social media already plays a key role in our daily lives as of current, it is
predicted that it is on the rise to become the core of e-commerce marketing,
according to this article.
With e-commerce brands already investing in social media, sites such as
Facebook and Instagram will surely replace billboards and bus ads in the near
future.
There is much room for growth when it comes to online shopping
platforms, and if you’re looking to set up your e-commerce business in China,
contact Primasia today for our services, including account set-up, management, accounting,
and more!
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Need more information?
Please contact:
John Barclay -Email
Teresa Tam - Email
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Website: Primasia HK / Primasia China
LinkedIn: Primasia
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Primasia Corporate Services Limited
Tel: +852 2882 2088
Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong
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