Archive for December, 2007
Online Shopping Market Scale in China 2001-2010
In 2003 online shopping market started to develop in China. The size of B2C and C2C shopping markets were over one billion RMB in 2003. During the initial period of market growth, compared with C2C, B2C transaction is free from credit and payment security, therefore, it is easy to be accepted by users. The turnover of B2C was larger than C2C in 2003 and 2004. When the third party payment platform emerged and credit evaluation system was established, more flexible and free shopping mode of C2C was accepted by more users. The market size of C2C increased rapidly then. By the end of 2006, the B2C and C2C market in China were 8.2 billion RMB and 23 billion RMB.
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