E-Commerce - China's Next Internet Push
Filed in archive Internet by Greg Cruey on March 20, 2008
The Agence France Press published a report earlier this week on how e-commerce is "gaining a foothold" in China. According to the article:
Fifty-five million of China's Internet users shopped online last year for a total turnover of 59.4 billion yuan (8.25 billion dollars), according to the China Internet Research Centre in Beijing.Maybe online shopping will prove to be a less politically sensitive area for venture capital and private equity to dabble in over the next few years in China...
That is up from 43 million online shoppers in 2006, when the value of transactions stood at 4.3 billion dollars, the centre said - and an even larger jump from the 62 million dollars spent online in 2000.

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