News this week: 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.
The report also highlighted the 12th Five-Year
Plan by the Chinese government, which is targeting to double the country’s
e-commerce transactions by 2015 to generate US$2.8 trillion – where B2B
transactions will contribute US$2.4 trillion.
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