{"id":3533,"date":"2017-09-06T00:00:00","date_gmt":"2017-09-06T00:00:00","guid":{"rendered":"https:\/\/www.globalizationpartners.com\/2017\/09\/06\/news-e-commerce-expected-to-soar-in-brics-countries\/"},"modified":"2021-01-04T14:01:44","modified_gmt":"2021-01-04T14:01:44","slug":"news-e-commerce-expected-to-soar-in-brics-countries","status":"publish","type":"post","link":"https:\/\/www.globalizationpartners.com\/2017\/09\/06\/news-e-commerce-expected-to-soar-in-brics-countries\/","title":{"rendered":"News: E-commerce Expected to Soar in BRICS Countries"},"content":{"rendered":"<p>E-commerce is expected to skyrocket in BRICS countries (Brazil, Russia, India, China and South Africa). According to a report published by Chinese e-commerce giant, Alibaba Group, gross merchandise volume generated by online shopping portals is expected to grow by 340% to reach $3 trillion by 2022.<\/p>\n<p>Their share of global online shoppers will rise from 47.2% to 61% by 2022, increasing from 720 million people to 1.34 billion people. Cross-border e-commerce between BRICS countries is expected to be $553.6 billion by 2022.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.globalizationpartners.com\/wp-content\/uploads\/2018\/07\/global20e-commerce20sales202017_350x350.jpg\" alt=\"Global E-commerce Sales 2017\" width=\"350\" height=\"350\" \/><\/p>\n<p><strong>Some of the most commonly purchased items among BRICS countries&#8217; customers include:<\/strong><\/p>\n<ul>\n<li>Chinese customers are drawn to Russian candy, Indian spices, Brazilian nuts and South African wine.<\/li>\n<li>Customers in Brazil, Russia, India and South Africa frequently purchase Chinese apparel, mobile phones and consumer electronics.<\/li>\n<\/ul>\n<p>According to Ouyang Cheng from the research sector of Alibaba, Ali Research Institute, &#8220;increasing disposable income, wide use of the Internet and improved payment and logistics services have driven the sustained and rapid development of e-commerce in the five countries.&#8221;<\/p>\n<p>In early August, trade ministers from BRICS countries met in Shanghai to discuss e-commerce cooperation. They discussed factors like logistics, payments and technological cooperation in order to improve the countries&#8217; capabilities to handle trade and e-commerce.<\/p>\n<p>To read more, please see: <a href=\"https:\/\/www.chinadaily.com.cn\/bizchina\/tech\/2017-08\/29\/content_31286047.htm\" target=\"_blank\" rel=\"noopener noreferrer\">E-commerce sets to thrive in BRICS countries<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>E-commerce is expected to skyrocket in BRICS countries (Brazil, Russia, India, China and South Africa). According to a report published by Chinese e-commerce giant, Alibaba Group, gross merchandise volume generated by online shopping portals is expected to grow by 340% to reach $3 trillion by 2022. Their share of global online shoppers will rise from [&hellip;]<\/p>\n","protected":false},"author":21,"featured_media":3534,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[67,92,129,146,148],"_links":{"self":[{"href":"https:\/\/www.globalizationpartners.com\/wp-json\/wp\/v2\/posts\/3533"}],"collection":[{"href":"https:\/\/www.globalizationpartners.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.globalizationpartners.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.globalizationpartners.com\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/www.globalizationpartners.com\/wp-json\/wp\/v2\/comments?post=3533"}],"version-history":[{"count":3,"href":"https:\/\/www.globalizationpartners.com\/wp-json\/wp\/v2\/posts\/3533\/revisions"}],"predecessor-version":[{"id":29387,"href":"https:\/\/www.globalizationpartners.com\/wp-json\/wp\/v2\/posts\/3533\/revisions\/29387"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.globalizationpartners.com\/wp-json\/wp\/v2\/media\/3534"}],"wp:attachment":[{"href":"https:\/\/www.globalizationpartners.com\/wp-json\/wp\/v2\/media?parent=3533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalizationpartners.com\/wp-json\/wp\/v2\/categories?post=3533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalizationpartners.com\/wp-json\/wp\/v2\/tags?post=3533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}