Domestic e-commerce firms have the greatest share of China's market, with foreign companies having a comparatively small presence.
[1]: 2 The rapid rise of e-commerce in China is facilitated by mobile payment systems such as Alipay and WeChat Pay.
Therefore, the mobile payment system has completely changed the daily life of the Chinese people and the future business model.
[1]: 158 E-commerce contributed substantially to China's COVID-19 pandemic response by facilitating fast delivery of personal protective equipment, food, and daily use consumer goods during lockdowns.
[1]: 159 Since 2020, cross-border e-commerce has expanded significantly and Chinese sellers have increased their presence on non-domestic platforms like Amazon.
[1]: 4 Although China was a latecomer to e-Commerce in comparison to other major economies, it has now grown beyond them in both total market size and on a per capita basis.
[1]: 6 China's major e-commerce platforms do not sell their own products, but instead host tens of millions of third party sellers which are often small enterprises or microbusinesses.
[6]: 278 E-commerce also benefits rural people more broadly through the consumption effect of lowering costs of living and therefore enhancing purchasing power.
[1]: 159 In 2015, the Ministry of Finance allocated 2 billion RMB to establish e-commerce centers in some of the least developed areas of China.
[7] In the same year, it was picked up and gradually made popular by Alibaba, who turned live commerce into a fixture in its annual Singles' Day shopping festivals.
[8] The livestreaming trend has particularly benefited sales of agricultural products through e-commerce, with streamers presenting live tastings.
[1]: 160 Chinese e-commerce spending peaks every year during Singles' Day, which is the world's largest online shopping event.
[1]: 6–7 Significant development to China's regulatory framework governing online transactions occurred after e-commerce had boomed.
[1]: 108 In 2019, the city of Hangzhou established a pilot program artificial intelligence-based Internet Court to adjudicate disputes related to e-commerce and internet-related intellectual property claims.
[9]: 124 China prohibits the practice of review brushing, which is regarded under e-commerce laws and regulations as a form of false advertising.