In 2004, the domestic B2C shopping transaction volume reached RMB 4.2 billion.
As of June this year, the transaction volume has exceeded 3 billion yuan. According to the trend, the annual transaction volume will exceed 6 billion, with a growth rate of 30%.
The B2C sector is developing rapidly. As the domestic online shopping environment continues to improve, experts predict that the compound growth rate from 2005 to 2010 will be 52%, and the annual transaction volume in 2010 is expected to reach RMB 46 billion.
Media reports pointed out that Dangdang.com is embarking on entering the C2C market; Joyo Amazon is transforming from a boutique product line to a full product line; Bayibai is beginning to reap the sweetness of high-end jewelry sales; and Sohu Mall is gradually transitioning from an independent operation model to an operation model that combines independent operation with managed joint store-in-store.
After reading the data from a third-party survey report on the B2C market, Ryan Chen believed that it was not yet time to make a breakthrough and that the top priority was to improve internal skills rather than rush. Liu Qiangdong, who had suffered a lot, strongly agreed with this point.
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