Energy One Corp (EGOC)

[StockLogistics]

170,000,000 Chinese Yuan from the PR equals
26,281,609.00 United States Dollars

“Gross merchandise volume (GMV) of China's online shopping market from 2013 to 2019 with a forecast until 2022 (in trillion yuan)”

Published by Yihan Ma
, Jul 24, 2020
This statistic shows the transaction size of China's online shopping market from 2013 to 2019, with projections through 2022, based on annual sales. In 2019, online commerce transactions in China reached approximately 9.9 trillion yuan.
E-commerce in China
In 2019, the global digital buyer penetration rate was estimated to range at 63 percent. In comparison, the Chinese online buyer penetration amounted to 74.8 percent. The number of online shoppers in China had reached more than 638 million in the first half of 2019.
Business-to-consumer (B2C) online commerce is an important component of China’s e-commerce market. In 2013, it accounted for about one percent of China’s gross domestic product (GDP). Even though the growth momentum of annual B2C e-commerce sales has been slowing down, it still was forecast to have approximately ten percent annual growth in 2021. Tmall, a subsidiary of Alibaba, JD, and Suning were among the leading B2C e-commerce retailers in China as of the first quarter of 2020.
Since its initial public offering (IPO) at the New York Stock Exchange in September 2014, Alibaba became one of the largest internet companies worldwide. As of the third quarter of 2018, it ranked second only to Google based on brand value. Alibaba Group is not solely focused on B2C business. It also dominates in consumer-to-consumer (C2C) and business-to-business (B2B) segments. Alipay, a third-party online payment solution brought forward by Alibaba, has cornered the online payment market in China.

Revenue in trillion yuan
2022* 13.9
2021* 12.7
2020* 10.9
2019 9.9
2018 7.9
2017 6.2
2016 4.7
2015 3.8
2014 2.8
2013 1.9”

https://www.statista.com/statistics/278555/china-online-shopping-gross-merchandise-volume/

And see how the article mentions that Alibaba has “cornered the market” and imo EGOC could be an answer to that issue as possibly supported by China’s Govt.