Wednesday, January 07, 2009

China's e-commerce trade volume up 20% in 2008

China's total trade volume of e-commerce hit RMB 1.95 trillion last year, up 20% compared with RMB 1.61 trillion a year earlier, despite the sluggish domestic market, according to a research report by the International Data Corporation (IDC).

The number of Chinese people trading on e-business platforms rose to 50 million, and individual consumers contributed 30% to the total trade volume.

It is estimated that China's e-business volume will hit RMB 3.22 trillion next year, with the total number of people using e-business platforms to reach 100 million by 2012., China's largest online auction site, saw its trade volume more than doubled year on year to RMB 100 billion in 2008, said the report.

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