China’s growing e-commerce market is creating a new set of winners

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China’s growing e-commerce market is creating a new set of winners

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cross-border e-commerce platform announced it signed David Beckham for its biggest global brand ambassador partnership to date. “We expect Alibaba’s share price to stay range-bound in the next 3-6 months as its financials still face uncertainties at the early stage of the investment cycle,” JPMorgan China Internet Analyst Alex Yao said in a May 15 report. He rates the stock overweight, with a $100 price target. That’s nearly 26% above where shares closed Thursday. “Improving domestic ecommerce market share should lead to better monetization eventually,” Yao said. “

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’s GMV grew double digits YoY in March Q, suggesting its market share loss has become very mild vs. nation wide online physical goods GMV growth of 11.6% in the quarter.” The company that’s really eaten up market share is not publicly traded, however. TikTok parent ByteDance operates a similar version of the app in China called Douyin, which has become a sales portal for brands and influencers, primarily through livestreaming. Douyin is expected to attain a ****** GMV market share of 19% in China this year, more than that of JD.com, Alibaba’s

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on an individual basis, according to Goldman Sachs’ analysis. The investment firm expects Douyin to match PDD’s market share of 21% next year, and surpass it by reaching 22% in 2026. Tencent’s WeChat Video Account platform is expected to retain about 2% to 3% of GMV market share through 2026, the Goldman analysis said. Another growing e-commerce play is Hong Kong-listed Kuaishou . The video streaming platform last month reported e-commerce GMV grew by 28.2% year-on-year in the first quarter to 288.1 billion yuan ($40,55 billion). “We remain positive on [Kuaishou’s] ads & ecommerce monetization and earnings growth, and forecast total revenue +9.5% YoY in 2Q24E,” Sophie Huang, analyst at CMB International, said in a May 23 note. The firm forecasts Kuaishou’s e-commerce GMV revenue will grow by 25% this year, although livestreaming revenue — which has accounted for about a third of total revenue — is expected to drop due to a high base. CMB International has a price target of 97 Hong Kong dollars ($12.41) on Kuaishou shares, or about 70% above Friday’s levels. — CNBC’s Michael Bloom contributed to this report.

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Stock markets,Markets,Market Insider,Alibaba Group Holding Ltd,Alibaba Group Holding Ltd,JD.Com Inc,JD.Com Inc,PDD Holdings Inc,Kuaishou Technology,business news
#Chinas #growing #ecommerce #market #creating #set #winners

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