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Recent headlines about Meta ’s Instagram and Facebook doing away with shopping features on their platforms might appear to be a retreat in the socialcommerce wars. Socialcommerce sales in the U.S. Socialcommerce sales in the U.S. In fact they are anything but — and with good reason.
Covid-19 changed the way we purchase products and services. During periods of lockdown, social media emerged as a key form of communication, opening an opportunity for retailers to accelerate the development of socialcommerce in the APAC region. China continues to lead the world in socialcommerce.
for Q1 2023 — the first period with no online sales growth since the Index debuted in 2014. And how are you giving them a value-added product or service for being loyal to you? Another opportunity is for field service technicians and reps that now have upsell opportunities that they [can complete] with customers in person.
But its revenues only grew by 10% over last year, the lowest growth rate since Alibaba became a public company in 2014. China has the largest market for socialcommerce. Socialcommerce, which is eCommerce sales that are made on a social media platform, is a big business in China. Digital Payments.
Better holiday than they have the last last couple of years but overall I I’m not optimistic, you know with the caveat that some some really good operators or some people with a really clever model like the Amazon Walmart Tik toks are are likely gonna you know have a really good run this holiday.
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