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 (http://www.businessvibes.com), 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.
Marketing Executive - Europe
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