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China Grows into the World's Largest Delivery Market... Half of Internet Users Utilize Delivery Services

China Grows into the World's Largest Delivery Market... Half of Internet Users Utilize Delivery Services [Provided: Since the first delivery order was completed in 2008, China has now become the world's largest delivery market. Xinhua News Agency]

According to the China Internet Network Information Center (CNNIC), the number of internet delivery users in China has reached 545 million, accounting for about 50% of all internet users. This figure far surpasses that of other countries.

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According to data released by the China Restaurant Association, the size of China's food delivery market in 2023 reached 1.2 trillion yuan (approximately 237.972 trillion KRW). This accounts for 22.6% of the total revenue of the food service industry, demonstrating that online sales models such as delivery have become a major revenue source for food service businesses.

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The delivery industry has now evolved beyond simple food delivery to form a complete ecosystem encompassing various sectors including food brands, packaging companies, raw material suppliers, proxy transportation companies, and shared mobility services.

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To respond to the expanding delivery market, China plans to promote institutional innovation, strengthen technological capabilities, and foster inter-industry cooperation to enable related companies to develop in an environmentally friendly and regulated manner.


© The Asia Business Daily(www.asiae.co.kr). All rights reserved.


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