According to PayNXT360, social commerce industry in China is expected to grow by 11.7% on annual basis to reach US$475.05 billion in 2024. The social commerce industry is expected to grow steadily ov...
According to PayNXT360, social commerce industry in China is expected to grow by 11.7% on annual basis to reach US$475.05 billion in 2024. The social commerce industry is expected to grow steadily over the forecast period, recording a CAGR of 9.2% during 2024-2029. The social commerce GMV in the country will increase from US$425.23 billion in 2023 to reach US$737.85 billion by 2029. Social commerce in China is rapidly evolving, driven by changing consumer behaviours and technological advancements. Brands increasingly leverage social media platforms to engage with consumers, create immersive shopping experiences, and drive sales. The rise of live shopping, enhanced personalization through data analytics, and the importance of user-generated content are shaping the future of social commerce in the country. As the market grows, retailers must remain agile and innovative to capitalize on emerging opportunities and navigate the competitive landscape effectively. China's social commerce landscape is at the forefront of global e-commerce innovation, blending social media interactions with online shopping. Key Trends and Developments Integration of Social-Media and E-commerce • Seamless Shopping Experience: Integrating social media platforms like WeChat, Douyin, and Xiaohongshu with e-commerce functionalities has created a seamless shopping experience. Users can discover, review, and purchase products without leaving their preferred social media apps. • Shift in Consumer Behavior: Consumers in China increasingly rely on social media for product discovery, leading to a substantial shift from traditional e-commerce to social commerce. This trend is driven by the desire for more interactive and engaging shopping experiences. Rise of Live Shopping Events • Real-Time Engagement: Live shopping has become a dominant trend, allowing brands to host interactive sessions where products are showcased in real time. This format encourages immediate purchases and fosters a sense of urgency among viewers. • Influencer Collaboration: Brands leverage influencers to host live shopping events, capitalizing on their ability to engage audiences and drive sales through personal endorsements and demonstrations. Focus on Younger Audiences • Millennials and Gen Z Dominance: Younger consumers, particularly Millennials and Gen Z, are leading the adoption of social commerce. Their familiarity with social media and preference for interactive content make them brand targets. • Authenticity and Community Engagement: To resonate with younger audiences, brands are focusing on authenticity and community engagement, utilizing user-generated content and interactive marketing strategies to build trust and loyalty. Personalization Through Data Analytics • Tailored Shopping Experiences: Brands increasingly use data analytics to understand consumer preferences and behaviours. This enables them to offer personalized product recommendations and targeted marketing strategies. • Enhanced Customer Engagement: By leveraging insights from consumer data, brands can create more relevant and engaging shopping experiences, ultimately improving conversion rates and customer satisfaction. Increasing Importance of User-Generated Content • Building Trust and Credibility: User-generated content (UGC) is vital in social commerce. Brands encourage customers to share their purchases' reviews, photos, and videos, which serve as authentic endorsements and build trust among potential buyers. • Community-Driven Marketing: UGC fosters a sense of community around brands, allowing consumers to connect and share their experiences, further enhancing brand loyalty. Explore New Platforms and Partnerships Douyin's Expansion into Social Commerce • Douyin as a Leader: Douyin, the Chinese version of TikTok, is rapidly establishing itself as a leader in social commerce. The platform has introduced features that allow users to shop directly from videos, enhancing the shopping experience. • Partnership with Brands: Douyin has formed partnerships with various brands to integrate shoppable content, enabling merchants to create engaging storefronts that feature live streams, product showcases, and promotional events. WeChat's E-commerce Integration • Comprehensive Ecosystem: WeChat continues to evolve as a comprehensive social commerce platform. Its mini-program integration allows brands to create customized shopping experiences within the app, facilitating direct sales and customer engagement. • Influencer Marketing: Brands leverage WeChat's capabilities to collaborate with influencers and KOLs (Key Opinion Leaders) for targeted marketing campaigns, enhancing their reach and effectiveness in engaging consumers. Xiaohongshu's Unique Approach • Social Discovery and E-commerce: Xiaohongshu (Little Red Book) combines social discovery with e-commerce, allowing users to share product reviews and recommendations. This platform has become a go-to destination for beauty and lifestyle products. • Partnerships with Brands: Xiaohongshu has formed partnerships with various brands to enhance their presence on the platform, enabling them to engage with users through authentic content and community-driven marketing. Identify Key Sectors Adopting Social Commerce Fashion and Beauty • Influencer-Driven Sales: The fashion and beauty sectors are at China's forefront of social commerce. Brands leverage influencer partnerships and visually appealing content on platforms like Douyin and Xiaohongshu to drive engagement and sales. • Interactive Shopping Experiences: The emphasis on aesthetics and personal expression resonates strongly with consumers, leading to increased sales through interactive shopping experiences such as live streams and shoppable posts. Food and Beverage • Community Engagement: The food and beverage industry embrace social commerce by promoting products and engaging with consumers through social media. Brands share recipes, cooking tips, and user-generated content to foster a community around their products. • Direct Sales through Social Platforms: Many food brands utilize social media platforms to facilitate direct sales, allowing consumers to order products seamlessly while engaging with content. Home Goods and Décor • Visual Inspiration: The home goods sector increasingly utilizes social commerce to reach consumers interested in home improvement and decor. Brands showcase products through engaging content, tapping into the growing interest in home aesthetics. • Interactive Content: By leveraging social media to share design tips and product showcases, brands can create a visually inspiring shopping experience that resonates with consumers. Health and Wellness • Engaging Health-Conscious Consumers: The health and wellness sector is leveraging social commerce to connect with consumers seeking fitness and wellness solutions. Brands use social media to share informative content, promote products, and engage with health-conscious audiences. • Building Community: Brands are fostering communities around health and wellness topics, encouraging consumers to share their journeys and experiences, which enhances brand loyalty and engagement. Highlight Key Major Acquisitions Naver's Acquisition of Poshmark • Strategic Expansion: In 2022, Naver, the South Korean internet conglomerate, acquired Poshmark, a leading social commerce platform, for $1.2 billion. This acquisition highlights global players' growing interest in social commerce and the potential for cross-border partnerships and expansion. Local Startups and Emerging Players • Emerging Local Players: Several local startups are emerging in China's social commerce landscape, focusing on niche markets and innovative solutions. For instance, Xiaohongshu has gained popularity for its unique social media and e-commerce blend, allowing users to share product experiences and recommendations. This report provides a detailed data centric analysis of social commerce industry, covering market opportunities and risks. With over 50+ KPIs at country level, this report provides a comprehensive understanding of social commerce market dynamics, market size and forecast, and market share statistics. PayNXT360’s research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view on emerging business and investment market opportunities.
This report provides in-depth, data-centric analysis of social commerce in China. Below is a summary of key market segments: China Ecommerce Industry Market Size and Future Growth Dynamics by Key Performance Indicators, 2020-2029 China Social Commerce Industry Market Size and Future Growth Dynamics by Key Performance Indicators, 2020-2029 • China Social Commerce Industry Market Size and Forecast by Retail Product Categories, 2020-2029 --Clothing & Footwear --Beauty and Personal Care --Food & Grocery --Appliances and Electronics --Home Improvement --Travel --Hospitality • China Social Commerce Industry Market Size and Forecast by End Use Consumer Segment, 2020-2029 --B2B --B2C --C2C • China Social Commerce Industry Market Size and Forecast by End Use Device, 2020-2029 --Mobile --Desktop • China Social Commerce Industry Market Size and Forecast by Location, 2020-2029 --Domestic --Cross Border • China Social Commerce Industry Market Size and Forecast by Location, 2020-2029 --Tier-1 Cities --Tier-2 Cities --Tier-3 Cities • China Social Commerce Industry Market Size and Forecast by Payment Method, 2020-2029 --Credit Card --Debit Card --Bank Transfer --Prepaid Card --Digital & Mobile Wallet --Other Digital Payment --Cash • China Social Commerce Industry Market Size and Forecast by Platforms --Video Commerce --Social Network-Led Commerce --Social Reselling --Group Buying --Product Review Platforms • China Social Commerce Industry Market Size and Forecast by Consumer Demographics & Behaviour,2023 --By Age --By Income Level --By Gender
• In-Depth Insight into Social Commerce Market Dynamics: Gain a comprehensive understanding of social commerce market opportunities and significant trends, alongside projections for the 2020 to 2029 period. This insight is crucial for businesses looking to thrive in the expanding social commerce landscape. • Detailed Analysis of Opportunities by End-Use Sectors: Investigate the market dynamics within various end-use sectors to identify and evaluate emerging opportunities. This analysis enables businesses to tailor their strategies effectively and capitalize on growth potential in the social commerce market. • Formulate Targeted Social Commerce Strategies: Identify key growth segments and target specific opportunities to develop an effective social commerce strategy. Evaluate market-specific trends, drivers, and risks to ensure your approach aligns with consumer behaviors and preferences, ultimately enhancing engagement and conversions.
1. About this Report 1.1. Summary 1.2. Methodology 1.3. Social Commerce Definitions 1.4. Disclaimer 2. China Ecommerce Industry Market Size and Future Growth Dynamics by Key Performance Indicators 2.1. China Ecommerce – Gross Merchandise Value Trend Analysis, 2020-2029 2.2. China Ecommerce – Average Value Per Transaction Trend Analysis, 2020-2029 2.3. China Ecommerce – Transaction Volume Trend Analysis, 2020-2029 3. China Social Commerce Industry Market Size and Future Growth Dynamics by Key Performance Indicators 3.1. China Social Commerce – Gross Merchandise Value Trend Analysis, 2020-2029 3.2. China Social Commerce – Average Value Per Transaction Trend Analysis, 2020-2029 3.3. China Social Commerce – Transaction Volume Trend Analysis, 2020-2029 3.4. China Social Commerce Market Share Analysis by Key Players, 2023 4. China Social Commerce Industry Market Size and Forecast by Location 4.1. China Social Commerce Market Share by Location (%), 2023 4.2. China Social Commerce by Cross Border – Gross Merchandise Value Trend Analysis, 2020-2029 4.3. China Social Commerce by Domestic – Gross Merchandise Value Trend Analysis, 2020-2029 5. China Social Commerce Industry Market Size and Forecast by Product Categories 5.1. China Social Commerce Market Share by Product Categories (%), 2023 5.2. China Social Commerce Clothing & Footwear – Gross Merchandise Value Trend Analysis, 2020-2029 5.3. China Social Commerce Beauty and Personal Care – Gross Merchandise Value Trend Analysis, 2020-2029 5.4. China Social Commerce Food & Grocery – Gross Merchandise Value Trend Analysis, 2020-2029 5.5. China Social Commerce Appliances and Electronics – Gross Merchandise Value Trend Analysis, 2020-2029 5.6. China Social Commerce Home Improvement – Gross Merchandise Value Trend Analysis, 2020-2029 5.7. China Social Commerce Travel – Gross Merchandise Value Trend Analysis, 2020-2029 5.8. China Social Commerce Accommodation – Gross Merchandise Value Trend Analysis, 2020-2029 6. China Social Commerce Industry Market Size and Forecast by End Use Consumer Segment 6.1. China Social Commerce Market Share by End Use Segment (%), 2023 6.2. China Social Commerce B2C Segment – Gross Merchandise Value Trend Analysis, 2020-2029 6.3. China Social Commerce B2B Segment – Gross Merchandise Value Trend Analysis, 2020-2029 6.4. China Social Commerce C2C Segment – Gross Merchandise Value Trend Analysis, 2020-2029 7. China Social Commerce Industry Market Size and Forecast by End Use Device 7.1. China Social Commerce Market Share by End Use Device (%), 2023 7.2. China Social Commerce by Mobile – Gross Merchandise Value Trend Analysis, 2020-2029 7.3. China Social Commerce by Desktop – Gross Merchandise Value Trend Analysis, 2020-2029 8. China Social Commerce Industry Market Size and Forecast by Cities 8.1. China Social Commerce Market Share by Cities (%), 2023 8.2. China Social Commerce by Tier-1 Cities – Gross Merchandise Value Trend Analysis, 2020-2029 8.3. China Social Commerce by Tier-2 Cities – Gross Merchandise Value Trend Analysis, 2020-2029 8.4. China Social Commerce by Tier-3 Cities – Gross Merchandise Value Trend Analysis, 2020-2029 9. China Social Commerce Industry Market Size and Forecast by Payment Method 9.1. China Social Commerce Market Share by Payment Method (%), 2023 9.2. China Social Commerce Payment by Credit Card – Gross Merchandise Value Trend Analysis, 2020-2029 9.3. China Social Commerce Payment by Debit Card – Gross Merchandise Value Trend Analysis, 2020-2029 9.4. China Social Commerce Payment by Bank Transfer – Gross Merchandise Value Trend Analysis, 2020-2029 9.5. China Social Commerce Payment by Prepaid Card – Gross Merchandise Value Trend Analysis, 2020-2029 9.6. China Social Commerce Payment by Digital & Mobile Wallet – Gross Merchandise Value Trend Analysis, 2020-2029 9.7. China Social Commerce Payment by Other Digital Payment – Gross Merchandise Value Trend Analysis, 2020-2029 9.8. China Social Commerce Payment by Cash – Gross Merchandise Value Trend Analysis, 2020-2029 10. China Social Commerce Industry Market Size and Forecast by Platforms 10.1. China Social Commerce Market Share by Platforms Method (%), 2023 10.2. China Social Commerce Platforms by Video Commerce (Live Stream + Prerecorded) – Gross Merchandise Value Trend Analysis, 2020-2029 10.3. China Social Commerce Platforms by Social Network-Led Commerce – Gross Merchandise Value Trend Analysis, 2020-2029 10.4. China Social Commerce Platforms by Social Reselling – Gross Merchandise Value Trend Analysis, 2020-2029 10.5. China Social Commerce Platforms by Group Buying – Gross Merchandise Value Trend Analysis, 2020-2029 10.6. China Social Commerce Platforms by Product Review Platforms – Gross Merchandise Value Trend Analysis, 2020-2029 11. China Social Commerce Industry Market Size and Forecast by Contents 11.1. China Social Commerce Market Share by Contents (%), 2023 11.2. China Social Commerce Contents by Live Streamers – Gross Merchandise Value Trend Analysis, 2020-2029 11.3. China Social Commerce Contents by Gaming Streamers – Gross Merchandise Value Trend Analysis, 2020-2029 11.4. China Social Commerce Contents by Reels – Gross Merchandise Value Trend Analysis, 2020-2029 11.5. China Social Commerce Contents by Influencers – Gross Merchandise Value Trend Analysis, 2020-2029 11.6. China Social Commerce Contents by Stories – Gross Merchandise Value Trend Analysis, 2020-2029 12. China Social Commerce Industry Market Size and Forecast by Consumer Demographics & Behaviour 12.1. China Social Commerce Spend Share by Age Group, 2023 12.2. China Social Commerce by Age Group – Gen Z (15-27) – Gross Merchandise Value Trend Analysis, 2020-2029 12.3. China Social Commerce by Age Group – Millennials (28–44) – Gross Merchandise Value Trend Analysis, 2020-2029 12.4. China Social Commerce by Age Group – Gen X (45 – 60) – Gross Merchandise Value Trend Analysis, 2020-2029 12.5. China Social Commerce by Age Group – Baby Boomers (60+) – Gross Merchandise Value Trend Analysis, 2020-2029 12.6. China Social Commerce Share by Income Level, 2023 12.7. China Social Commerce Share by Gender, 2023 13. Further Reading 13.1. About PayNXT360 13.2. Related Research
Table 1: China Ecommerce – Gross Merchandise Value (US$ Million), 2020-2029 Table 2: China Ecommerce – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Table 3: China Ecommerce – Transaction Volume (Million), 2020-2029 Table 4: China Social Commerce – Gross Merchandise Value (US$ Million), 2020-2029 Table 5: China Social Commerce – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Table 6: China Social Commerce – Transaction Volume (Million), 2020-2029 Table 7: China Social Commerce by Cross Border – Gross Merchandise Value (US$ Million), 2020-2029 Table 8: China Social Commerce by Domestic – Gross Merchandise Value (US$ Million), 2020-2029 Table 9: China Social Commerce Clothing & Footwear – Gross Merchandise Value (US$ Million), 2020-2029 Table 10: China Social Commerce Beauty and Personal Care – Gross Merchandise Value (US$ Million), 2020-2029 Table 11: China Social Commerce Food & Grocery – Gross Merchandise Value (US$ Million), 2020-2029 Table 12: China Social Commerce Appliances and Electronics – Gross Merchandise Value (US$ Million), 2020-2029 Table 13: China Social Commerce Home Improvement – Gross Merchandise Value (US$ Million), 2020-2029 Table 14: China Social Commerce Travel – Gross Merchandise Value (US$ Million), 2020-2029 Table 15: China Social Commerce Accommodation – Gross Merchandise Value (US$ Million), 2020-2029 Table 16: China Social Commerce B2C Segment – Gross Merchandise Value (US$ Million), 2020-2029 Table 17: China Social Commerce B2B Segment – Gross Merchandise Value (US$ Million), 2020-2029 Table 18: China Social Commerce C2C Segment – Gross Merchandise Value (US$ Million), 2020-2029 Table 19: China Social Commerce by Mobile – Gross Merchandise Value (US$ Million), 2020-2029 Table 20: China Social Commerce by Desktop – Gross Merchandise Value (US$ Million), 2020-2029 Table 21: China Social Commerce by Tier-1 Cities – Gross Merchandise Value (US$ Million), 2020-2029 Table 22: China Social Commerce by Tier-2 Cities – Gross Merchandise Value (US$ Million), 2020-2029 Table 23: China Social Commerce by Tier-3 Cities – Gross Merchandise Value (US$ Million), 2020-2029 Table 24: China Social Commerce Payment by Credit Card – Gross Merchandise Value (US$ Million), 2020-2029 Table 25: China Social Commerce Payment by Debit Card – Gross Merchandise Value (US$ Million), 2020-2029 Table 26: China Social Commerce Payment by Bank Transfer – Gross Merchandise Value (US$ Million), 2020-2029 Table 27: China Social Commerce Payment by Prepaid Card – Gross Merchandise Value (US$ Million), 2020-2029 Table 28: China Social Commerce Payment by Digital & Mobile Wallet – Gross Merchandise Value (US$ Million), 2020-2029 Table 29: China Social Commerce Payment by Other Digital Payment – Gross Merchandise Value (US$ Million), 2020-2029 Table 30: China Social Commerce Payment by Cash – Gross Merchandise Value (US$ Million), 2020-2029 Table 31: China Social Commerce Platforms by Video Commerce (Live Stream + Prerecorded) – Gross Merchandise Value (US$ Million), 2020-2029 Table 32: China Social Commerce Platforms by Social Network-Led Commerce – Gross Merchandise Value (US$ Million), 2020-2029 Table 33: China Social Commerce Platforms by Social Reselling – Gross Merchandise Value (US$ Million), 2020-2029 Table 34: China Social Commerce Platforms by Group Buying – Gross Merchandise Value (US$ Million), 2020-2029 Table 35: China Social Commerce Platforms by Product Review Platforms – Gross Merchandise Value (US$ Million), 2020-2029 Table 36: China Social Commerce Contents by Live Streamers – Gross Merchandise Value (US$ Million), 2020-2029 Table 37: China Social Commerce Contents by Gaming Streamers – Gross Merchandise Value (US$ Million), 2020-2029 Table 38: China Social Commerce Contents by Reels – Gross Merchandise Value (US$ Million), 2020-2029 Table 39: China Social Commerce Contents by Influencers – Gross Merchandise Value (US$ Million), 2020-2029 Table 40: China Social Commerce Contents by Stories – Gross Merchandise Value (US$ Million), 2020-2029 Table 41: China Social Commerce by Age Group – Gen Z (15-27) – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 42: China Social Commerce by Age Group – Millennials (28–44) – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 43: China Social Commerce by Age Group – Gen X (45 – 60) – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Table 44: China Social Commerce by Age Group – Baby Boomers (60+) – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029
Figure 1: PayNXT360’s Methodology Framework Figure 2: China Ecommerce – Gross Merchandise Value (US$ Million), 2020-2029 Figure 3: China Ecommerce – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Figure 4: China Ecommerce – Transaction Volume (Million), 2020-2029 Figure 5: China Social Commerce – Gross Merchandise Value (US$ Million), 2020-2029 Figure 6: China Social Commerce – Average Value Per Transaction Trend Analysis (US$), 2020-2029 Figure 7: China Social Commerce – Transaction Volume (Million), 2020-2029 Figure 8: China Social Commerce – Market Share Analysis by Key Players (%), 2023 Figure 9: China Social Commerce Market Share by Location (%), 2023 Figure 10: China Social Commerce by Cross-border – Gross Merchandise Value (US$ Million), 2020-2029 Figure 11: China Social Commerce by Domestic – Gross Merchandise Value (US$ Million), 2020-2029 Figure 12: China Social Commerce Market Share by Product Categories (%), 2023 Figure 13: China Social Commerce Clothing & Footwear – Gross Merchandise Value (US$ Million), 2020-2029 Figure 14: China Social Commerce Beauty and Personal Care – Gross Merchandise Value (US$ Million), 2020-2029 Figure 15: China Social Commerce Food & Grocery – Gross Merchandise Value (US$ Million), 2020-2029 Figure 16: China Social Commerce Appliances and Electronics – Gross Merchandise Value (US$ Million), 2020-2029 Figure 17: China Social Commerce Home Improvement – Gross Merchandise Value (US$ Million), 2020-2029 Figure 18: China Social Commerce Travel – Gross Merchandise Value (US$ Million), 2020-2029 Figure 19: China Social Commerce Accommodation – Gross Merchandise Value (US$ Million), 2020-2029 Figure 20: China Social Commerce Market Share by End Use Segment (%), 2023 Figure 21: China Social Commerce B2C Segment – Gross Merchandise Value (US$ Million), 2020-2029 Figure 22: China Social Commerce B2B Segment – Gross Merchandise Value (US$ Million), 2020-2029 Figure 23: China Social Commerce C2C Segment – Gross Merchandise Value (US$ Million), 2020-2029 Figure 24: China Social Commerce Market Share by End Use Device (%), 2023 Figure 25: China Social Commerce by Mobile – Gross Merchandise Value (US$ Million), 2020-2029 Figure 26: China Social Commerce by Desktop – Gross Merchandise Value (US$ Million), 2020-2029 Figure 27: China Social Commerce Market Share by Cities (%), 2023 Figure 28: China Social Commerce by Tier-1 Cities – Gross Merchandise Value (US$ Million), 2020-2029 Figure 29: China Social Commerce by Tier-2 Cities – Gross Merchandise Value (US$ Million), 2020-2029 Figure 30: China Social Commerce by Tier-3 Cities – Gross Merchandise Value (US$ Million), 2020-2029 Figure 31: China Social Commerce Market Share by Payment Method (%), 2023 Figure 32: China Social Commerce Payment by Credit Card – Gross Merchandise Value (US$ Million), 2020-2029 Figure 33: China Social Commerce Payment by Debit Card – Gross Merchandise Value (US$ Million), 2020-2029 Figure 34: China Social Commerce Payment by Bank Transfer – Gross Merchandise Value (US$ Million), 2020-2029 Figure 35: China Social Commerce Payment by Prepaid Card – Gross Merchandise Value (US$ Million), 2020-2029 Figure 36: China Social Commerce Payment by Digital & Mobile Wallet – Gross Merchandise Value (US$ Million), 2020-2029 Figure 37: China Social Commerce Payment by Other Digital Payment – Gross Merchandise Value (US$ Million), 2020-2029 Figure 38: China Social Commerce Payment by Cash – Gross Merchandise Value (US$ Million), 2020-2029 Figure 39: China Social Commerce Market Share by Platforms Method (%), 2023 Figure 40: China Social Commerce Platforms by Video Commerce (Live Stream + Prerecorded) – Gross Merchandise Value (US$ Million), 2020-2029 Figure 41: China Social Commerce Platforms by Social Network-Led Commerce – Gross Merchandise Value (US$ Million), 2020-2029 Figure 42: China Social Commerce Platforms by Social Reselling – Gross Merchandise Value (US$ Million), 2020-2029 Figure 43: China Social Commerce Platforms by Group Buying – Gross Merchandise Value (US$ Million), 2020-2029 Figure 44: China Social Commerce Platforms by Product Review Platforms – Gross Merchandise Value (US$ Million), 2020-2029 Figure 45: China Social Commerce Market Share by Contents (%), 2023 Figure 46: China Social Commerce Contents by Live Streamers – Gross Merchandise Value (US$ Million), 2020-2029 Figure 47: China Social Commerce Contents by Gaming Streamers – Gross Merchandise Value (US$ Million), 2020-2029 Figure 48: China Social Commerce Contents by Reels – Gross Merchandise Value (US$ Million), 2020-2029 Figure 49: China Social Commerce Contents by Influencers – Gross Merchandise Value (US$ Million), 2020-2029 Figure 50: China Social Commerce Contents by Stories – Gross Merchandise Value (US$ Million), 2020-2029 Figure 51: China Social Commerce Share by Age Group (%), 2023 Figure 52: China Social Commerce by Age Group – Gen Z (15-27) – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 53: China Social Commerce by Age Group – Millennials (28–44) – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 54: China Social Commerce by Age Group – Gen X (45 – 60) – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 55: China Social Commerce by Age Group – Baby Boomers (60+) – Gross Merchandise Value Trend Analysis (US$ Million), 2020-2029 Figure 56: China Social Commerce Share by Income Level (%), 2023 Figure 57: China Social Commerce Share by Gender (%), 2023
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