A Big Leap in the Growth of E-Commerce Globally In 2023

  • International
  • 8 February 2024
1

Recent data from the German Statistical and Analytics Platform Statista showed e-commerce made a big leap last year, with the number of users growing and online businesses increasing. Global e-commerce retail sales in 2023 were estimated at $5.8 trillion, with this figure expected to grow by 39 percent in the coming years, reaching more than $8 trillion by 2027.

Chinese retail giant Alibaba has been named the world's largest e-commerce retailer, with a market share of 23 percent.

Source (Al-Arab Newspaper of London, Edited)

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