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.