Bank of America lists Amazon, China's JD.com, and Walmart as the preferred e-commerce platforms!

It is learned that according to foreign media reports, Bank of America recently listed Amazon, China's JD.com, Walmart and Target as the preferred e-commerce platforms.

It is reported that during the outbreak of the epidemic, e-commerce in the United States developed rapidly, with a year-on-year growth of 23% in 2020. However, the growth trend of e-commerce in the United States in 2021 is relatively slow, and it is expected to increase by 15% year-on-year.

Bank of America pointed out that in the next five years, the development of the e-commerce market will benefit from the following factors: changes in consumer shopping patterns, retailers' ability to execute online orders, optimization of local delivery services and the closure of physical stores.

Bank of America said that in 2021, Amazon is expected to gain more market share in the United States as it continues to invest in logistics and delivery services. JD.com, which has a larger consumer base and sellers, is likely to become an important target of US regulators because many Chinese companies have been suppressed in the United States recently. In addition, Target and Walmart's delivery services and measures to simplify supply chain processes can greatly support the development of their online businesses.

It is learned that in the US market, online luxury retailers Farfecth, Latin America's Mercado Libre, Singapore's Sea Ltd and South Korea's Coupang also occupy a certain share, and the competition among major retailers is very fierce.

Editor ✎ Nicole/

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