Report Predicts China's E-commerce Industry Will Reach CNY620 Billion in 2005

December 23, 2004 | Print | Email Email | Comments | Category: Business





    The volume of e-commerce transactions in China is predicted to reach CNY620 billion in 2005. Analysys announced these numbers in their new "Research Report Series on Internet — E-commerce (2004)".

    Analysys says that the Chinese e-commerce market has entered into a period of pragmatic development. It now focuses less on raising awareness and seeking short-term profits, but more on developing long-term benefits. E- commerce will become the next trend and profitable market venture. New types of business models for e-commerce in China are constantly emerging, displaying diversified development trends.

    The report continues to say that the three major barriers for the development of e-commerce in China are professional logistics, payment systems and credit systems. In various market segments, companies that are less dependent on logistics, payment and credit will have a relatively smooth development in the Chinese market.

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