Latest News In E-Commerce - China's Last Mile Delivery Growth Driven by E-commerce Expansion

China's last mile delivery market for e-commerce is poised for substantial growth, with revenues expected to increase by $23.5 billion at a CAGR of 17.89% from 2023 to 2028. This expansion is driven by the burgeoning B2C e-commerce market, enhanced internet connectivity, and the proliferation of smartphones and digital payment systems in China. Key growth factors include the rise of social commerce, advances in e-commerce logistics technology, and the rapid surge in online retail sales. The sector is segmented by delivery mode, service type, and domestic versus international operations, with a comprehensive vendor analysis provided to help stakeholders optimize their market strategies.

Elsewhere in the market, Rezolve AI (NasdaqGM:RZLV) was a notable mover up 14.0% and finishing the session at $3.75. Meanwhile, THG (LSE:THG) lagged, down 11.2% to end the day at £0.48.

Also, refer to our "Market Insights" article on AdTech, where we explored the robust expansion of digital advertising and its impact on the e-commerce sector, highlighting why companies are increasingly integrating into this dynamic space.

Best E-Commerce Stocks

• PDD Holdings (NasdaqGS:PDD) finished trading at $101.35 down 1%.
• Alibaba Group Holding (NYSE:BABA) ended the day at $85.00 down 2.5%.
• GigaCloud Technology (NasdaqGM:GCT) ended the day at $18.35 down 6.8%.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Sources:

• Simply Wall St
• "China's Last Mile Delivery for E-Commerce Market, Forecast to 2028: Revenues Set to Grow by $23.5 Billion at a CAGR of 17.89%" from Research and Markets on GlobeNewswire (published 16 December 2024)

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