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<Research>G Sachs Lists Forecasts for CN E-commerce Platforms' GMV, Mkt Shrs for 2025 (Table)
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42
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62
Negative
32
Goldman Sachs published a report on China's e-commerce industry, listing the forecast comparison of the GMV of e-commerce platforms in Mainland China this year:

Forecast for 2025│ BABA-W (09988.HK)│JD-SW (09618.HK)│Pinduoduo (PDD.US)│Douyin│ KUAISHOU-W (01024.HK)
GMV/ RMB│8.3 trillion│4.4 trillion│5.5 trillion│5.2 trillion│1.6 trillion
GMV market share│32%│17%│21%│20%│6%
% of total transaction volume to net transaction volume│60-70%│50-60%│70-80%│40-50%│40-50%
Total number of annual active buyers│900 million│600 million│900 million│500-600 million│300-400 million

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