According to Steven Ganster, Managing Director at Solidiance US, e-commerce in China is rapidly growing as a legitimate channel in the automotive aftermarket. There are large e-commerce platforms where part suppliers and distributors promote their brands by establishing a flagship store on the site, whereas more advanced portals provide the ability to act like buying groups for the suppliers. The e-commerce market in China’s automotive aftermarket is also attracting great interest from private equity.
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Growth of e-commerce in China’s Automotive Aftermarket
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