Market Forecast By Product (E-Gift Cards, Physical Cards), By Functional Attribute (Closed Loop, Universal Accepted Open Loop, E-Gifting), By Industry Vertical (Retail, Corporate Institutions), By Merchant (Restaurants, Discount Stores, Coffee Shops, Departmental Store, Grocery Store/Food Supermarkets, Entertainment, Others) And Competitive Landscape
| Product Code: ETC6744072 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
According to 6Wresearch internal database and industry insights, the China Gift Card Market is projected to grow at a compound annual growth rate (CAGR) of 9.9% during the forecast period 2026–2032.
Below mentioned are the evaluation of year-wise growth rate along with key drivers:
| Year | Est. Annual Growth (%) | Growth Drivers |
| 2022 | 7.5% | Increasing use of digital payment methods and e-commerce growth. |
| 2022 | 8.1% | Rising demand for online gifting and personalization of gift cards. |
| 2023 | 8.5% | Growth in digital gifting and major use of gift cards in retail and corporate sectors. |
| 2024 | 9% | Expanding use of e-gifting options and high demand from corporate institutions. |
| 2025 | 9.3% | Increased acceptance of gift cards across multiple merchant categories and industries. |
The China Gift Card Market report thoroughly covers the market by product type, functional attribute, industry vertical, and merchant categories. It provides an unbiased and detailed analysis of ongoing market trends, opportunities, challenges, and market drivers, helping stakeholders align their strategies with current and future market dynamics.
| Report Name | China Gift Card Market |
| Forecast Period | 2026–2032 |
| CAGR | 9.9% |
| Growing Sector | E-Gift Cards and Digital Platforms |
China Gift Card Market is expected to grow steadily due to the increased use of digital payment systems, increasing consumer demand for personalized gifting, and the expansion of digital gift cards, especially in e-commerce sector. The new advancements in technology such as mobile wallets, QR codes, and e-gifting options have changed the way consumers purchase and redeem gift cards. The government’s programs that support digital payments also boost market demand. The rise in income of consumers, the growing popularity of online shopping, and the increasing use of gift cards in corporate programs are the important factors contributing to the China Gift Card Market Growth.
Below mentioned are some prominent drivers and their influence on the China Gift Card Market
| Drivers | Primary Segment Affected | Why It Matters (Evidence) |
| Rise of Digital Payments | E-Gift Cards, Physical Cards | The increasing demand for cashless and digital transactions has increased the demand for digital and physical gift cards. |
| Corporate Gifting Programs | Corporate Institutions | Many companies are increasingly using gift cards for recognition of employee and client gifting programs. |
| E-Commerce Growth | E-Gift Cards, Physical Cards | The increase in online shopping and e-commerce platforms has also increased the demand for gift cards. |
| Mobile and Digital Platforms | E-Gift Cards, Merchants | The rise in use of mobile wallets and e-commerce platforms has made the use of gift cards easier for consumers. |
| Consumer Demand for Personalization | E-Gift Cards, Physical Cards | Customized and personalized gift cards are becoming majorly popular among consumers, increasing market demand. |
China Gift Card Market Size is projected to grow at a compound annual growth rate (CAGR) of 9.9% from 2026 to 2032. The e-gift card segment is expected to play a major role as it is driven by the change towards digital transactions and a demand for quick, easy gifting solutions. The government’s policies for a digital economy, along with use of new technologies in mobile wallets and QR code, is expected to increase the product demand. In addition, the major use of gift cards in the retail and corporate sectors is also likely proliferate the market’s demand. The new advancements in technology such as mobile wallets, QR codes, and e-gifting options have changed the way consumers purchase and redeem gift cards.
Below mentioned are some major restraints and their influence on the China Gift Card Market dynamics:
| Restraints | Primary Segment Affected | What This Means (Evidence) |
| Regulatory Compliance | Gift Card Providers | Rules for digital payments and anti-fraud measures may slow down sales in market. |
| Lack of Consumer Awareness | Consumers, Gift Card Providers | Some consumers still buy traditional type of gifting cards and may not be knows about gift card options. |
| Limited Acceptance by Merchants | Physical Cards, E-Gift Cards | Not all retailers or merchants accept gift cards, especially for online transactions. |
| Security Concerns | E-Gift Cards | Increased concerns about cyberattacks and fraud related to digital gift cards may reduce use. |
| Competition | Gift Card Providers | High competition between providers, especially in the digital gifting space, can lead to price change and reduce profits. |
China Gift Card Market faces many challenges such as regulatory compliance, concerns over security and limited use of digital techniques for payments, especially for physical gift cards in some areas. To overcome these challenges, market players must invest properly in secure digital platforms, increase education of consumers, and collaborate with a larger range of merchants to accept gift cards. Some consumers still buy traditional type of gifting cards and may not be knows about gift card options. The rise in competition between different companies in the market, particularly in digital gift cards, demand for new innovation in personalization and customer experience.
Several notable trends are shaping the China Gift Card Market dynamics:
Some notable investment opportunities in the China Gift Card Industry include:
Below is the list of prominent companies leading in the China Gift Card Market:
| Company Name | Alibaba Group |
| Established Year | Hangzhou, China |
| Headquarters | 1999 |
| Official Website | Click Here |
Alibaba Group offers digital gift card solutions through its e-commerce platform, Taobao, and other subsidiaries. Their digital gift cards are widely accepted across various industries, including retail, entertainment, and food services.
| Company Name | JD.com, Inc. |
| Established Year | Beijing, China |
| Headquarters | 1998 |
| Official Website | Click Here |
JD.com provides a wide range of gift card options, both physical and digital, for use on their e-commerce platform and among partnered retailers. Their growing digital presence and logistics infrastructure have made them a major player in the market.
| Company Name | Tencent |
| Established Year | Shenzhen, China |
| Headquarters | 1998 |
| Official Website | Click Here |
Tencent offers gift card products that can be used for purchasing games, music, and online services. The company has a strong digital presence, with an emphasis on entertainment and online services.
| Company Name | WeChat (Tencent) |
| Established Year | Shenzhen, China |
| Headquarters | 2011 |
| Official Website | Click Here |
WeChat, as part of Tencent, provides digital gifting options and integrates gift cards into its widely used social media and payment ecosystem, WeChat Pay.
| Company Name | Suning.com |
| Established Year | Nanjing, China |
| Headquarters | 2009 |
| Official Website | Click Here |
Suning.com offers both digital and physical gift cards for use in their retail stores and online platform. They are recognized for their strong presence in consumer electronics and retail.
According to the Chinese government data, they have started many programs to support the growth of the gift card market, which include promoting digital payments and increasing financial security. Through its push for a cashless society, the government has increased the use of digital wallets, QR codes, and e-gift cards, creating a better environment for the growth of digital gifting. The government has started many e-commerce rules that promotes honesty, security, and fraud prevention in online transactions, ensuring the addition of gift card purchases and use. To further increase the use of digital payment solutions, the government provides financial help to companies that contribute to the nation’s digital financial infrastructure, thereby increasing the addition of gift card services into the payment ecosystem.
China Gift Card Market is expected to experience steady growth as it is driven by the increasing usage of e-gift cards, increasing demand in the corporate, and the government’s promotion for digital payments. The growing usage of gift cards into mobile payment platforms and e-commerce ecosystems, along with a high focus on personalization and customization, will continue to drive this market demand in the upcoming years. By investing majorly in digital platforms, innovative gift card solutions, companies in this industry will earn major profits if they will align their strategies with these opportunities.
The report offers a comprehensive study of the following market segments and their leading categories:
According to Lakshita, Senior Research Analyst, 6Wresearch, E-gift cards are expected to dominate the China Gift Card Market Share due to their convenience, ease of use, and growing integration with digital platforms and mobile wallets. The trend toward digital transactions, combined with the rise in e-commerce, is making e-gift cards increasingly popular among consumers.
Closed-loop gift cards, which can only be used with specific merchants or platforms, are expected to dominate the market. Their integration with e-commerce platforms and mobile wallets gives them a competitive edge.
Retail sector will continue to lead the market, as gift cards are widely used for retail purchases. Online and offline retail stores are increasingly accepting gift cards, offering significant market opportunities.
Restaurants will continue to dominate the merchant category due to the widespread popularity of gift cards for dining out, particularly in fast-casual and upscale restaurants. Additionally, gift cards are becoming increasingly popular for takeaway and delivery services.
The report offers a comprehensive study of the following China Gift Card Market segments:
| 1 Executive Summary |
| 2 Introduction |
| 2.1 Key Highlights of the Report |
| 2.2 Report Description |
| 2.3 Market Scope & Segmentation |
| 2.4 Research Methodology |
| 2.5 Assumptions |
| 3 China Gift Card Market Overview |
| 3.1 China Country Macro Economic Indicators |
| 3.2 China Gift Card Market Revenues & Volume, 2022 & 2032F |
| 3.3 China Gift Card Market - Industry Life Cycle |
| 3.4 China Gift Card Market - Porter's Five Forces |
| 3.5 China Gift Card Market Revenues & Volume Share, By Product, 2022 & 2032F |
| 3.6 China Gift Card Market Revenues & Volume Share, By Functional Attribute, 2022 & 2032F |
| 3.7 China Gift Card Market Revenues & Volume Share, By Industry Vertical, 2022 & 2032F |
| 3.8 China Gift Card Market Revenues & Volume Share, By Merchant, 2022 & 2032F |
| 4 China Gift Card Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.2.1 Increasing adoption of digital payments in China |
| 4.2.2 Growing trend of gifting experiences and convenience |
| 4.2.3 Rise in e-commerce and mobile shopping in the country |
| 4.3 Market Restraints |
| 4.3.1 Regulatory challenges and compliance requirements |
| 4.3.2 Limited awareness and understanding of gift cards among consumers |
| 4.3.3 Competition from alternative gifting options such as cash or physical gifts |
| 5 China Gift Card Market Trends |
| 6 China Gift Card Market, By Types |
| 6.1 China Gift Card Market, By Product |
| 6.1.1 Overview and Analysis |
| 6.1.2 China Gift Card Market Revenues & Volume, By Product, 2022- 2032F |
| 6.1.3 China Gift Card Market Revenues & Volume, By E-Gift Cards, 2022- 2032F |
| 6.1.4 China Gift Card Market Revenues & Volume, By Physical Cards, 2022- 2032F |
| 6.2 China Gift Card Market, By Functional Attribute |
| 6.2.1 Overview and Analysis |
| 6.2.2 China Gift Card Market Revenues & Volume, By Closed Loop, 2022- 2032F |
| 6.2.3 China Gift Card Market Revenues & Volume, By Universal Accepted Open Loop, 2022- 2032F |
| 6.2.4 China Gift Card Market Revenues & Volume, By E-Gifting, 2022- 2032F |
| 6.3 China Gift Card Market, By Industry Vertical |
| 6.3.1 Overview and Analysis |
| 6.3.2 China Gift Card Market Revenues & Volume, By Retail, 2022- 2032F |
| 6.3.3 China Gift Card Market Revenues & Volume, By Corporate Institutions, 2022- 2032F |
| 6.4 China Gift Card Market, By Merchant |
| 6.4.1 Overview and Analysis |
| 6.4.2 China Gift Card Market Revenues & Volume, By Restaurants, 2022- 2032F |
| 6.4.3 China Gift Card Market Revenues & Volume, By Discount Stores, 2022- 2032F |
| 6.4.4 China Gift Card Market Revenues & Volume, By Coffee Shops, 2022- 2032F |
| 6.4.5 China Gift Card Market Revenues & Volume, By Departmental Store, 2022- 2032F |
| 6.4.6 China Gift Card Market Revenues & Volume, By Grocery Store/Food Supermarkets, 2022- 2032F |
| 6.4.7 China Gift Card Market Revenues & Volume, By Entertainment, 2022- 2032F |
| 7 China Gift Card Market Import-Export Trade Statistics |
| 7.1 China Gift Card Market Export to Major Countries |
| 7.2 China Gift Card Market Imports from Major Countries |
| 8 China Gift Card Market Key Performance Indicators |
| 8.1 Redemption rate of gift cards |
| 8.2 Growth in the number of gift card issuers and partnerships |
| 8.3 Usage frequency and average spend per gift card transaction |
| 8.4 Customer satisfaction and retention rates for gift card users |
| 8.5 Expansion of gift card offerings across different industries and sectors |
| 9 China Gift Card Market - Opportunity Assessment |
| 9.1 China Gift Card Market Opportunity Assessment, By Product, 2022 & 2032F |
| 9.2 China Gift Card Market Opportunity Assessment, By Functional Attribute, 2022 & 2032F |
| 9.3 China Gift Card Market Opportunity Assessment, By Industry Vertical, 2022 & 2032F |
| 9.4 China Gift Card Market Opportunity Assessment, By Merchant, 2022 & 2032F |
| 10 China Gift Card Market - Competitive Landscape |
| 10.1 China Gift Card Market Revenue Share, By Companies, 2025 |
| 10.2 China Gift Card Market Competitive Benchmarking, By Operating and Technical Parameters |
| 11 Company Profiles |
| 12 Recommendations |
| 13 Disclaimer |