But it is slowing down, and that figure is both B2B and C2C.
Watch Costco, they are getting hundreds of millions in free metadata from Taobao. Watch what that data tells them to do.
Feel free to forward this by email to three of your friends.
Using data from Chinese market research firm iResearch, China internet business news site China Internet Watch reported that total transactions from China’s online shopping market reached 628.76 billion yuan (US$101.58 billion). This includes a combination of business-to-consumer (B2C) and consumer-to-consumer (C2C) transactions. This is the first time online shopping has crossed the 10 percent threshold of total transactions, and the rate is expected to rise in the coming years.So a internet business pure play is to still miss 90% of your Chinese customers.
Watch Costco, they are getting hundreds of millions in free metadata from Taobao. Watch what that data tells them to do.
Feel free to forward this by email to three of your friends.
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