Market size of community group-buying industry in China 2019-2022

In 2019, the community group-buying market in China reached 34 billion yuan. The market size was estimated to double in 2020 and remain to grow in the next years. Community group-buying is an online shopping model that allows residents within the same neighborhood or apartment bock to get discounts by shopping in bulk.

Scale of the community group-buying market in China in 2019 with estimates until 2022

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Source

Release date

September 2020

Region

China

Survey time period

2019

Supplementary notes

* Estimates.

One yuan equals approximately 0.15 U.S. dollars and 0.12 euros (as of September 2020).

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