China’s e-commerce titans on track for stratospheric growth
By 2027, Chinese e-commerce giants like Temu, AliExpress, Shein, and TikTok will each surpass $100 billion in Gross Merchandise Value (GMV), according to a new HSBC forecast. Overseas expansion is driving growth, with global GMV projected to hit $500 billion by 2025. Temu’s GMV is forecasted to reach $140 billion, AliExpress' $118 billion, Shein's $100 billion, and TikTok's $111 billion by 2027.