Beijing, 10 August 2026 – China’s live-commerce market reached approximately US$900 billion in 2025, placing a retail format once treated as experimental close to the scale of the entire US e-commerce market and sharpening its influence on investment strategies across Asia.
The figure reflects how quickly livestream selling, social discovery and instant digital checkout have merged into a mainstream commercial channel. Consumers no longer move through a simple sequence from advertising to search and purchase. Entertainment, product demonstration, recommendations and payment increasingly occur within the same mobile session.
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