Major Organizations Take Note of the Growing Shift Towards E-Commerce Solutions
The global e-commerce market continues to grow at a prominent pace as many are now constantly connected to the internet. Furthermore, the implementation of new technologies such as 5G connectivity is projected to have a strong impact on market growth as the tech provides a fast and an uninterrupted experience to the user. Moreover, the adoption of smartphones is gaining momentum at a significant rate, thus increasing how exposed customers are to online shopping capabilities. Established organizations and large corporations are now leaning toward developing online businesses due to lower expenditure in communications and infrastructure.
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By region, the Asian-Pacific is expected to remain supreme. Six of the top 10 fastest-growing ecommerce countries in 2019 were from that region, led by India and the Philippines at more than 30% growth and rounded out by China, Malaysia, Indonesia and South Korea. A market closely associated with e-commerce, like the Ecommerce Payment Market. According to data by Renub Research, “the shifting in the digital landscape and online transaction dynamics remain keen to drive the E-commerce payment market in the United States. At the same time, cybersecurity threats continue to evolve rapidly and are expected to challenge the market growth. The segments in the ecommerce platform in the United States are Travel, Consumers Electronic, Clothes and Apparel, Household goods, Health and Beauty, Groceries and Others.”
for the fiscal year 2023. A signing ceremony was held and attended by the management of both parties, including Mr. Xuedong Qiao, General Manager for Consumer Beauty, Coty China, and Mr. Zhiwei Xu, CEO and Chairman of JWEL.
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Founded in Paris in 1904, Coty is one of the world’s largest beauty companies with a portfolio of iconic brands across fragrance, color cosmetics, and skin and body care. Coty serves consumers around the world, selling luxury and mass market products in more than 130 countries and territories, with adidas just one of the world-renowned brands under its management.
The renewal marks the second consecutive year in which JWEL was recognized as a fully authorized distributor for adidas personal care products in China. Since the inception of the partnership in 2022, both JWEL and Coty have accelerated their growth strategies with effective branding and channel resource sharing, significantly increasing the quality of this cooperation. Additionally, JWEL and Coty have also expressed their intention to continue expanding their relationship and collaboration in the entire product value chain from research and development to production and sales.
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