Online sales in China up 66% year-on-year: report

Mar 01, 2012
People use an internet cafe in Beijing. China, in 2011. Online sales in China in 2011 grew 66 percent from the previous year, with turnover totalling 780 billion yuan ($125 billion), according to a report cited by state news agency Xinhua Thursday.

Online sales in China in 2011 grew 66 percent from the previous year, with turnover totalling 780 billion yuan ($125 billion), according to a report cited by state news agency Xinhua Thursday.

Online sales now account for three percent of total retail sales in China, with the proportion expected to rise to seven percent in 2015, according to the report published jointly by the International Data Corporation (IDC) and Chinese e-commerce giant Group.

E-commerce in China has reduced production costs and increased employment with , China's largest online trade platform, creating more than 2.7 million jobs in 2011, the report said.

China has more than 500 million . Many sites offer cheap delivery and users can pay in cash on receipt of their goods.

Explore further: As dust clears, what's next for Sony?

add to favorites email to friend print save as pdf

Related Stories

Online ad revenue overtakes newsprint in China

Jan 22, 2012

China's revenue from online advertising was higher than the equivalent in newsprint for the first time in 2011, a study by the market research firm iResearch said, quoted in the Global Times Saturday.

China e-commerce sales up 22% in 2010: report

Jan 19, 2011

Online sales in China, the world's largest web market, rose 22 percent in 2010 as price-sensitive consumers turned to the Internet for cheaper products amid rising inflation, an industry report said.

China grants Alibaba payment system license

May 26, 2011

(AP) -- An online payment system founded by Chinese e-commerce giant Alibaba Group was granted a government license, the company said Thursday, following an ownership change that rattled investors in partner Yahoo Inc.

Chinese retail site, Yahoo! Japan unveil deal

May 10, 2010

China's largest retail website Taobao and Yahoo! Japan on Monday announced a new partnership aimed at increasing online shopping options for consumers in the world's number two and three economies.

Recommended for you

As dust clears, what's next for Sony?

2 hours ago

The Sony hacking attack continues to deliver more dramatic plotlines than any fictional movie, but meanwhile the movie studio must move forward and tackle the next steps in minimizing the mess. Will Sony ...

It's down to the wire for online shopping

5 hours ago

As the holiday shopping season winds down, FedEx, UPS and online retailers are using the last few days to try to avoid the problems that occurred last year when severe winter weather and a surge in late orders ...

China's Xiaomi raises more than $1 bn in funding

Dec 21, 2014

China's top smartphone seller Xiaomi Corp. is raising more than $1 billion in a fresh round of funding, a move which would raise its valuation above $45 billion, a report said Sunday.

Why the Sony hack isn't big news in Japan

Dec 20, 2014

Japan's biggest newspaper, Yomiuri Shimbun, featured a story about Sony Corp. on its website Friday. It wasn't about hacking. It was about the company's struggling tablet business.

Sony faces 4th ex-employee lawsuit over hack

Dec 20, 2014

A former director of technology for Sony Pictures Entertainment has sued the company over the data breach that resulted in the online posting of his private financial and personal information.

Sony tells AFP it still plans movie release

Dec 20, 2014

Sony Pictures boss Michael Lynton denied Friday the Hollywood studio has "caved" by canceling the release of "The Interview," and said it still hoped to release the controversial film.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.