China’s B2B Online Transactions Reach US$467 billion

Posted by Joachim Bartels | Aug 13, 2012 | China, E-Commerce | 0 |

According to the China e-Business Research Center, a subsidiary of Hangzhou-based B2B sourcing platform Zhejiang Netsun, China’s B2B e-commerce transactions reached US$466.7 billion during the first half of 2012 – an increase of 13% year-on-year.

There were reportedly over 16.5 million companies in China using B2B platforms, which helped to generate US$1.2 billion in revenue for e-commerce platforms in H1 2012. According to the report, the top eight e-commerce platforms have a 67% share of the overall market, with Alibaba.com leading through 42% share.

Source: Business Strategies Group Hong Kong

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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