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People's Daily Online>>China Business

China's e-business booming

By Jiang Yu, Luo Can (

16:04, December 16, 2011

Edited and translated by Ma Xi, People's Daily Online

China's first e-commerce service report, released at the first China E-business Service Conference on Dec. 15 in Shanghai, said the market size of China's e-business is taking a leap.

According to the report, by the end of 2011, the number of China's e-business service companies will break 150,000, and the whole e-business service industry will take in a combined annual income of 120 billion yuan.

Because of the repaid development of online shopping, the domestic express shipping marke is also developing rapidly, according to the report. The total volume of express delivery increased 1.5-fold in five years, with an annually increase rate of 27 percent.
According to IRearch Consulting, China's e-business market transactions reached 1.8 trillion yuan in the third quarter in 2011, up 47 percent compared with last year.

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