The
global B2B networking platform - BusinessVibes, would like to share
some figures and facts about the development of China's B2B market.
London,
UK, July 13, 2012 -- Over the recent years, the rapid growth of
China’s economy has attracted a massive attention from all over the
world as it has created large number of business opportunities for
both local and foreign companies of different size or scale, while
B2B E-Commerce is definitely one of those markets with prospective
benefits in China. The global B2B networking platform -
BusinessVibes,
which has always treasured the B2B market and newly developed
business opportunities in China since BuinessVibes successfully
started business in China two years ago, now would like to share some
figures and facts about the development of China's B2B market.
According
to the data from China’s Ministry of Commerce, China’s total
E-Commerce market was recorded $928 billion in trade in 2011, which
was 29.2% increase from previous year, and now representing 12.5% of
country’s GDP. It is also estimated that China’s E-Commerce
market, consisted both B2B and B2C, will surpass the US’ by the
year of 2015.
As
for the B2B market, China’s B2B online transaction volume topped
$595.6 in 2010, up by 15.8% year on year. So far, China has over
9,200 B2B E-Commerce companies, rose 21.3% year on year, with
combined revenues to $1.5 billion. Alibaba held the largest market
share with 63.5%, followed by Hong Kong-based Global Sources with
5.3%, Made-in-China.com with 3.4%, Netsun Toocle with 2.9%, and HC
International's HC360 with 2.5%.
In
2010 the China’s B2B sector raised $550 million in capital from 42
investors, including 35 VCs, as well as two IPOs that raised a
combined $389 million and five mergers. China's e-commerce companies
directly employed more than 16 million people in 2010. The number of
people indirectly employed reached more than 12 million, and is
expected to grow to 19 million by 2012, reported by Netsun Toocle.
The
Consulting Group iResearch also reports that China’s E-Commerce
revenue in Q1 2012 reached $275.9 billion, which was 25.8% higher
than the same period last year. B2B still held a leading position
among all the market segments of China’s E-Commerce, representing
about 84.5% of the total E-Commerce transaction. Although B2B’s
foreign trade and market share in China may face some challenges from
impact of European debt crisis and the shrink of international
demand, China’s B2B market will be still in the gradual booming
trend over the next few years.
As
a prestigious global B2B networking platform which is closely
involved in China’s B2B market, BusinessVibes will be able to offer
members with the database of more than 24000 Chinese companies,
associations and event organizers. BusinessVibes can also help local
and foreign companies to easily and quickly find partners, buyers,
suppliers, and joint venture partners to shorten sales cycle, as well
as get informed about latest business events in China.
Media
Contact:
Lise
Martineau
Marketing
Executive - Europe
BusinessVibes
Network International Inc
8
Wimpole Street
London
W1G 9SP
+44
20 7291 0883
Follow
us on Twitter @businessvibes for daily updates
Facebook:
http://www.facebook.com/BusinessVibes
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