China’s Social E-commerce to Reach $170b in 2018

China’s social e-commerce will reach 1.14 trillion yuan ($170 billion) in 2018, with a year-on-year increase of 66.7 percent, according to a report by the 2018 China Internet Conference earlier this month.

Social e-commerce, which emerged in 2013 in China, combines social media with e-commerce. E-commerce platforms Xiaohongshu and Pinduoduo are two examples.

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How Do Chinese People Comment on Tariffs Between China And USA?

“The us has provoked this trade war, and we are unwilling to fight it, but we have to fight when necessary to safeguard the interests of our country and people.China will never take the first shot, but it will be forced to retaliate if the us imposes a tax,” said Gao Feng, the spokesman of China’s Commerce Ministry.