Situation of E-Commerce in China

With the rapid development of the Internet, Ecommerce attracts more and more attention and becomes a focus as a business body engaged in the production and operation mode. Although the specific conditions of different countries based on the forecast of world economic development, governments are all paying more attention to the development of E-commerce. Ecommerce has become a new driving force for economic growth.

Businesses of all sizes in all sectors are using the Internet in many different ways - to work with partners and suppliers, for procurement, for internal activities such as knowledge sharing and new product development, and much more. E-commerce in general can be divided into Business-to-Business and Business to-Consumer. Besides, there is also Consumer-to Consumer, which is a fast developing pattern.

In recent years, China has set off an upsurge of Ecommerce, our daily time more or less have the relations with it. According to CNNIC (China Internet Network

Information Center) report, as of June 30, 2006, the number of Internet users in China reached 123 million, ranks second in the world. The number of shopping on the Internet has reached to 30 million, and the proportion of paying on the net has been increasing annually. Experts believe that the risen trends of the number of the Internet users and the people shopping on the net will make the Internet Shopping Mall into a new round of business battleground. Since 2000, the domestic Ecommerce transactions on the site once reached 100. As it is known, there are eBay, Yabuy, Coolbid, and so on. But with the bursting of the bubble economy, most sites have been eliminated. Through constantly enriching its contents and services, Taobao gradually makes itself a well-known E-commerce website and becomes the leader who exceeded eBay in one short year’s time.