One of China’s biggest exports in 2023 will be its social e-commerce phenomenon, says KarenKKwok BVPredicts
projects U.S. social media e-commerce sales will increase 20% annually over the same span, to $80 billion.
The appeal makes sense. Retailers want to attract and keep shoppers online. With customers able to learn more about products from interactive live streams, it should reduce returns, a costly aspect of the e-commerce trade. Many products won’t suit the medium, however. Cosmetics work better than, say, electronics. Social-media services also may struggle to charge influencers and retailers extra fees. Amazon and others are offering shopping features at no additional cost. And competitors may ultimately be their clients. Venture capitalists have invested $700 million, per research outfitNetwork effects will be powerful.
generate the equivalent of a week’s worth of sales at its flagship store. Such anecdotes are what will make e-commerce go viral on Western social media.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The one way the Seahawks could land the number one pick in the 2023 NFL DraftThe headline draws inspiration from our recent article about the one way the Seahawks could clinch a playoff spot in Week 17 (and the less optimistic companion piece about the one way the Seahawks...
Read more »
Get a glimpse of the One Plus 11 with these official imagesOnePlus' flagship for 2023 will launch on February 7th, 2023.
Read more »
Dungeon23 is the Perfect Low-Pressure Writing RitualIn 2023, commit to being nerdier than ever with the one-room-a-day Dungeon23 challenge.
Read more »
23 AI-Generated Tech Predictions for 2023 | HackerNoonPredictions are a silly business : you either make completely obvious claims, or you end up being dead wrong before the year is over. - by ThePourquoiPas ai artificialintelligence
Read more »
Beowulf & The Edge From New Publisher ComicsBurgh in March 2023ComicsBurgh is a brand new comic book publisher who launched at shows earlier this year but which will have its first titles solicited through Diamond
Read more »
Football recruiting: CU Buffs add four players to 2023 classIt was certainly a happy holiday weekend for the Colorado football team. The Buffaloes added a pair of four-star receivers to their 2023 recruiting class, including one of the top transfers. On Sun…
Read more »