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According to some projections, just five categories in the US— such as books and clothing—will capture more than 40% of e-shoppers.

In China, 15 categories, from snacks to financial services, will reach this level of penetration.

China has more e-commerce activity than any country in the world today.

According to China’s National Bureau of Statistics, Chinese consumers spent 0 billion online in 2016—more than the US and the UK combined.

In this e-marketplace model, brands “own” their relationship with customers and create online experiences appropriate to their individual brands.According to industry estimates, online purchases made with mobile phones will account for 74% of total e-commerce in China by 2020, compared with just 46% in the US.The pace of e-commerce doesn’t seem to be slowing: the industry is expected to grow by 20% annually in China over the next five years—twice as fast as in the US and the UK.(See Exhibit 2.) Many consumers skipped the PC era entirely, going right to smartphones.This may explain why Samsung phones with larger screens took hold in China well before they did in Western markets.

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