2022 saw global e-commerce revenue drop by USD 250 bn

Updated On: 20 December, 2022 03:01 PM IST | New Delhi | IANS

Although China generated nearly one-third of total e-commerce revenue in 2022, the world's largest market is ending the year with a massive $212 billion revenue drop alone. Other leading markets, Japan, the UK, and Germany, also saw their revenues plunge

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After registering years of impressive growth, global e-commerce revenue sank $250 billion (year-over-year), falling from $3.84 trillion in 2021 to $3.59 trillion this year which is a first for the industry, a report showed on Monday.

Supply chain issues, inflation, rising digital advertising costs, and changed consumer behaviour have all had their share in the first-ever e-commerce revenue drop, according to data presented by AugustaFreePress.com.