The Rise and Rise of China
Look U.S. IPO market activity in 2014, and it is evident the Chinese e-commerce market is on the verge of a transformation that could put it level or ahead of developed economies within a decade.
Firms such as JD.com, Alibaba and Baidu all appear positioned to benefit from the rise of the Chinese consumer, and their mobile-first spending and banking habits. If the likes of Alibaba prove successful in their U.S. listings, it may cause some to wonder whether U.S. e-commerce giants such as Amazon and eBay are poised for a hit.
As with much of what has happened with the rise of emerging economies like China and India, it is unlikely the e-commerce market will prove a zero-sum game. Below are a few slides that detail the interplay between U.S. and Chinese e-commerce.
500MM (80%) of China internet users are now mobile #InternetTrends #CodeCon #MaryMeeker pic.twitter.com/GYRQfUDEAc Kleiner Perkins (@kpcb) May 28, 2014
6 of 10 global internet properties are Made in USA; >86% of users outside US #InternetTrends #CodeCon #MaryMeeker pic.twitter.com/9Qg8oYObWQ Kleiner Perkins (@kpcb) May 28, 2014
Global #smartphone operating systems 'made in USA' up 97% from 5% in 2005 #InternetTrends pic.twitter.com/hsIFgfti7P Kleiner Perkins (@kpcb) May 28, 2014Follow @AntoineGara