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China's B2C E-Commerce Market to Expand
The latest report released by the China E-Commerce Association and eTrustChina.com predicts a rosy future for the country's business to consumer (b2c) e-commerce market.
The report, released at the 5th China International E-Commerce Summit, which closed here Sunday, predicts that China's b2c market scale will be US$190 million in 2001, and US$3.2 billion in 2004.
In 2000, China registered a total business volume of US$62.9 million in the field.
The report noted that 90 percent of Internet users in China are willing to buy on-line in the future, though they currently worry about the security of transactions.
China now has more than 600 on-line shops, accounting for 60 percent of the total number of e-commerce websites. Most of these on-line shops serve consumers in large cities, such as Beijing, Shanghai and Guangzhou. Hot commodities include information products, daily necessities, books and magazines, and audio and video products.
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