Chinese e-commerce israpidly increasing against the worldwideeconomic slump, with a growth rate of over 30 percent from 2007 to 2010.
China will become the world’s largest online retail market next year, according to Li Jinqi, with the Department of Electronic Commerce at the Chinese Ministry of Commerce.
The volumeof e-commerce was near 6 trillion yuan in 2011. The scale of online Chinese shoppers has reached 210 million people as of the end of June 2012 and is expected to surpass the scale of the Japanese market this year.
China’s online retail market accounted for 1 percent in 2008 and the proportion increased to 4.32 percent in 2011.
Research reveals that every one yuan investment into athird-party e-commerce platform can bring about $100 sales, which shows the great power of e-commerce to explore international market, said Li.
According to Tang Lei, director of Strategy Office at eBay China, mobile e-commerce is a great innovation and the future direction for e-commerce business.
The China Internet Network Information Center reported over 388 million Chinese mobile Internet users in 2012, a figure backed by the Ministry of Industry and Information Technology.
In the next 5 to 8 years, the huge Chinese e-commerce industry will be improved with the completion of infrastructure construction, in which express network construction, what is called the “last mile” will be the most profitable investment, said Scott Price, Chairman and CEO of Wal-Mart Asia.
“Wal-Mart, as one company seeking the lowest price in the world, is trying to integrate into the Chinese market. The cooperation with Yihaodian will save three years for Wal-Mart’s own e-commerce platform in China,” said Mr. Price.
Via Chain Media