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China’s B2B Online Transactions Reach US$467 billion

According to the China e-Business Research Center, a subsidiary of Hangzhou-based B2B sourcing platform Zhejiang Netsun, China’s B2B e-commerce transactions reached US$466.7 billion during the first half of 2012 – an increase of 13% year-on-year.

There were reportedly over 16.5 million companies in China using B2B platforms, which helped to generate US$1.2 billion in revenue for e-commerce platforms in H1 2012. According to the report, the top eight e-commerce platforms have a 67% share of the overall market, with Alibaba.com leading through 42% share.

 Source:  Business Strategies Group Hong Kong

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