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<Research>G Sachs Lists Forecasts for CN E-commerce Platforms' GMV, Mkt Shrs for 2025 (Table)
Goldman Sachs published a report on China's e-commerce industry, listing the forecast comparison of the GMV of e-commerce platforms in Mainland China this year:Forecast for 202...
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<Research>G Sachs Lists Forecasts for CN E-commerce Platforms' GMV, Mkt Shrs for 2025 (Table)
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Goldman Sachs published a report on China's e-commerce industry, listing the forecast comparison of the GMV of e-commerce platforms in Mainland China this year:

Forecast for 2025│ BABA-W (09988.HK)  +0.900 (+0.793%)    Short selling $1.71B; Ratio 15.246%   │JD-SW (09618.HK)  +0.400 (+0.320%)    Short selling $119.95M; Ratio 10.683%   │Pinduoduo (PDD.US)      │Douyin│ KUAISHOU-W (01024.HK)  +1.850 (+2.715%)    Short selling $363.43M; Ratio 14.511%  
GMV/ RMB│8.3 trillion│4.4 trillion│5.5 trillion│5.2 trillion│1.6 trillion
GMV market share│32%│17%│21%│20%│6%
% of total transaction volume to net transaction volume│60-70%│50-60%│70-80%│40-50%│40-50%
Total number of annual active buyers│900 million│600 million│900 million│500-600 million│300-400 million
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-16 12:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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