The Growing Popularity Of The Internet And Smart Phones Will Promote The Development Of Online Sales Channels

In 2020, the revenue of online sales channels will exceed 1 billion dollars. The increasing popularity of the Internet and smartphones may promote market growth. In addition, e-commerce platforms offer a variety of product choices at discounted prices. During the blockade period triggered by COVID-19, the rapid growth of e-commerce increased online retail sales. According to data from the United Nations Conference on Trade and Development (UNCTAD), online sales increased from 16% in 2019 to 19% in 2020.