According to iResearch, in 2019, the WeChat e-commerce generated a GMV of around 2.46 trillion yuan in China. The transaction scale was expected to soar and reach 13 trillion yuan by 2023. WeChat is a leading social media platform in China, and its user base is expected to reach 1.04 billion across the world by 2023.
Gross merchandise value (GMV) of WeChat e-commerce in China in 2018 and 2019 with estimates until 2023
(in billion yuan)
Figures here refer to the total social commerce transaction value via WeChat e-commerce platform, including C2C trade, B2C trade with micro-enterprises, and direct retail of large enterprises.
One yuan equals approximately 0.15 U.S. dollars and 0.13 euros (as of April 2021).
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iResearch. (August 5, 2021). Gross merchandise value (GMV) of WeChat e-commerce in China in 2018 and 2019 with estimates until 2023 (in billion yuan) [Graph]. In Statista. Retrieved December 03, 2024, from https://www.statista.com/statistics/1232052/china-wechat-ecommerce-gmv/
iResearch. "Gross merchandise value (GMV) of WeChat e-commerce in China in 2018 and 2019 with estimates until 2023 (in billion yuan)." Chart. August 5, 2021. Statista. Accessed December 03, 2024. https://www.statista.com/statistics/1232052/china-wechat-ecommerce-gmv/
iResearch. (2021). Gross merchandise value (GMV) of WeChat e-commerce in China in 2018 and 2019 with estimates until 2023 (in billion yuan). Statista. Statista Inc.. Accessed: December 03, 2024. https://www.statista.com/statistics/1232052/china-wechat-ecommerce-gmv/
iResearch. "Gross Merchandise Value (Gmv) of Wechat E-commerce in China in 2018 and 2019 with Estimates until 2023 (in Billion Yuan)." Statista, Statista Inc., 5 Aug 2021, https://www.statista.com/statistics/1232052/china-wechat-ecommerce-gmv/
iResearch, Gross merchandise value (GMV) of WeChat e-commerce in China in 2018 and 2019 with estimates until 2023 (in billion yuan) Statista, https://www.statista.com/statistics/1232052/china-wechat-ecommerce-gmv/ (last visited December 03, 2024)
Gross merchandise value (GMV) of WeChat e-commerce in China in 2018 and 2019 with estimates until 2023 (in billion yuan) [Graph], iResearch, August 5, 2021. [Online]. Available: https://www.statista.com/statistics/1232052/china-wechat-ecommerce-gmv/
