China social commerce market RMB 13.9 trillion 2024 world largest, Douyin e-commerce RMB 3.2T GMV live streaming, Xiaohongshu RED 300M MAU lifestyle KOC seeding, WeChat mini-programs 900M users private traffic RMB 5T, Pinduoduo 900M MAU group buying C2M farm direct, Kuaishou 736M MAU trust-based e-commerce lower-tier cities, Meituan local services RMB 2.7T on-demand delivery
read more..