Core Insights - The Chinese consumer market in 2024 is characterized by a "dual increase" in both quantity and quality, with consumer willingness shifting from cautious observation to rational expansion [1] - E-commerce platforms are entering a phase driven by both technology and ecosystem, with competition focusing on efficiency rather than mere traffic acquisition [1] - The report by Star Map Data outlines the overall development of the e-commerce industry in 2024, analyzing mainstream platform strategies and summarizing industry trends [1][3] Part 01: Macroeconomic Environment - The total retail sales of consumer goods and the online retail sales of physical goods continue to grow, although at a slowing pace [12] - The contribution rate of consumer spending to economic growth has decreased from last year's peak, but per capita consumption expenditure for urban and rural residents remains positive year-on-year [14] - The national express delivery volume has seen rapid growth, exceeding 100 billion items ahead of schedule, indicating strong online consumption demand [16] - Categories such as clothing, footwear, textiles, and daily necessities remain top sellers, with food categories showing significant year-on-year growth [18] - The number of domestic internet users is stabilizing, leading to increased competition in a saturated market [21] Part 02: E-commerce Market Scale - In 2024, comprehensive e-commerce accounts for 71.9% of GMV with a year-on-year growth of 8.3%, while content e-commerce accounts for 24.6% with a year-on-year growth of 36.1% [24] - The top five e-commerce platforms by GMV in 2024 are Tmall (32.7%), Pinduoduo (23%), Douyin (18.9%), JD (18.7%), and Kuaishou (6.6%) [26] Part 03: E-commerce Platform Development Trends - JD is refocusing on "quality e-commerce" by enhancing its supply chain and service system, penetrating lower-tier markets, and expanding into cross-border and food delivery sectors [6] - Pinduoduo is shifting its strategy from "billion-dollar subsidies" to "hundred-billion support," promoting merchants to transition to high-quality and high-value products [6] - Douyin is enhancing its "content + shelf" dual-driven strategy to attract small and medium-sized merchants [6] - Instant retail is gaining momentum, with platforms like Meituan and JD enhancing their delivery networks and services [6] Part 04: Consumer Trend Tracking - Consumers are increasingly valuing the balance between quality and price, moving from a focus on "absolute low prices" to a preference for "value for money" [6] - Emotional value and self-satisfying consumption are becoming significant drivers of consumer behavior, with consumers willing to pay for products that provide joy and immersive experiences [6] - There is a growing awareness of health and wellness among consumers, leading to increased spending on related products and services [6] Part 05: E-commerce Development Opportunities and Challenges - The e-commerce industry is undergoing structural changes, with a focus on merchant retention and ecosystem building [6] - Platforms are integrating new retail resources and enhancing their delivery networks to improve service efficiency [6] - The competition landscape is shifting towards supporting quality brands and optimizing the merchant environment for a win-win business ecosystem [6]