Business
        

Technology

China's e-commerce turnover up 22% in 2010

Updated: 2011-01-19 10:11

(Xinhua)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

SHANGHAI - E-commerce turnover in China jumped 22 percent in 2010 from a year earlier to 4.5 trillion yuan ($681.82 billion), an industry report said on Tuesday.

Related readings:
China's e-commerce turnover up 22% in 2010 Taobao all-nighter whips e-shoppers into buying frenzy
China's e-commerce turnover up 22% in 2010 Taobao expects business to keep growing
China's e-commerce turnover up 22% in 2010 Taobao.com aims for overseas Net sales expansion
China's e-commerce turnover up 22% in 2010 Alibaba’s 6th ecommerce summit to mark company’s 10-year anniversary

Online retail sales almost doubled to 513.1 billion yuan, according to the report released by the China e-commerce research center.

The report estimated that online retail sales would double to hit 1 trillion yuan in the next two years, taking up more than 5 percent of the nation's total retail sales.

Zhang Zhouping, an analyst with the researcher center, said the steady sales growth was due to the government's policy support for e-business, and easy access for new comers to start doing business.

E-paper

Ear We Go

China and the world set to embrace the merciful, peaceful year of rabbit

Preview of the coming issue
Carrefour finds the going tough in China
Maid to Order

European Edition

Specials

Mysteries written in blood

Historical records and Caucasian features of locals suggest link with Roman Empire.

Winning Charm

Coastal Yantai banks on little things that matter to grow

New rules to hit property market

The State Council launched a new round of measures to rein in property prices.

Top 10 of 2010
China Daily in Europe
The Confucius connection