蘑菇AV

And in the US and China, ecommerce will represent nearly 24% of personal luxury sales in each market in 2023, per our forecast. Mobile will drive future ecommerce growth. The Middle East and Africa is the fastest growing region for retail and ecommerce globally, according to our forecast. It鈥檚 also the region with the lowest retail ecommerce penetration, at just 4.5% in 2023, per our estimates.

Navigating US sanctions and a Chinese antitrust investigation could derail Nvidia鈥檚 supply chain, delay cutting-edge hardware, and challenge its dominance in a global market.

US consumers' appetite for luxury is beginning to fade: But rapidly recovering demand from Chinese consumers will allow LVMH, Prada, Kering, and others to maintain their strong momentum.

Pinduoduo owner PDD鈥檚 growth slowed in Q4: That reflects a sluggish retail landscape in China, which is why the company aims to diversify its revenue streams.

This year, TikTok will pull in 22 times the ad revenues of fellow fast-grower Mercado Libre ($1.02 billion), but Latin America鈥檚 largest ecommerce retailer will rapidly ascend the advertising ranks in the coming years. Click here to view our full forecast for digital ad revenue growth by company worldwide. Amazon will get a growth boost from its OTT video service.

Chinese ecommerce giant JD.com said it would release its own version of ChatGPT鈥擟hatJD鈥攕pecifically for enterprise use by the retail and finance industries. Companies will be able to use ChatJD to generate content including marketing copy and product summaries, power chatbots, and understand user intent, among other applications.

TikTok Shop drove $100 million in Black Friday sales: Efforts to introduce social commerce to users are working, but the ban looms large.

Alibaba鈥檚 retail ecommerce sales in China were nearly twice that of Amazon鈥檚 worldwide in 2022, at $1.229 trillion compared with about $657 billion, per our estimates. Latin American competitor Mercado Libre had significantly less ecommerce sales, at nearly $35 billion.

Moving away from retail can help it overcome growth roadblocks, while a look to China could signal what鈥檚 coming for the space

On today's episode, in our "Retail Me This, Retail Me That" segment, we discuss the opportunity for China-based companies like Shein, Temu, and TikTok in the US, and how they can compete with Amazon. Then for "Red-Hot Retail," our analysts give us some spicy predictions about how fashion retail will change in the US as a direct result of Chinese manufacturers. Join our analyst Sara Lebow as she hosts analysts Sky Canaves and researcher and Asia-Pacific lead Man-Chung Cheung.

Ecommerce sales have returned to modest growth in Western Europe as the economic outlook brightens and more people embrace the convenience of shopping via mobile phone.

After three years of wild fluctuations in retail and ecommerce sales growth, a sense of stability and normalcy is slowly emerging. A healthy if unspectacular rebound for ecommerce is in the cards, and most national markets are heading in the right direction.

On today's episode, in our "Retail Me This, Retail Me That" segment, we discuss the reasons Chinese fast-fashion giant Shein has been so successful as of late. Then for "Red-Hot Retail," our analysts give us their very specific鈥攁nd potentially risky鈥攑redictions about the future of Shein. Join our analyst Sara Lebow as she hosts analysts Sky Canaves and Jasmine Enberg.

Shein鈥檚 expanding its US distribution centers in an effort to expand its American market. That鈥檚 good news for US customers, who currently wait up to 15 days for deliveries from the Chinese brand.

While Alipay has a huge following in China, its presence in other parts of the world is more limited. Alipay has about 1.3 billion users worldwide, per Enterprise Apps. But 900 million of those users are in mainland China. To accelerate growth, Alipay is looking globally, with Alipay+, its cross-border arm, playing a key role.

The UK is only behind China when it comes to retail ecommerce as a proportion of total retail sales. That鈥檚 why retail will be 拢1.98 billion ($2.46 billion) ahead of the pack when it comes to digital ad spending, at 拢6.74 billion ($8.38 billion). Digital growth in other industries is affecting retail鈥檚 market share, though.

Alibaba, Amazon, and Mercado Libre dominate retail ecommerce in different parts of the world. Here鈥檚 a look at how these marketplaces stack up, in seven charts and graphics.

Digital wallet usage is by far highest in China, where 45% of adults use the payment method daily, and an additional 41% do so at least once a week. By comparison, just 6% use digital wallets daily in the US.