IDC: more than 50 million Chinese network merchants

Report from our correspondent (Reporter Luo Yanchi) the world's famous Research Institute IDC released a white paper on China's e-commerce service industry yesterday, believing that even affected by the financial crisis, china's e-commerce service industry, represented by Alibaba and Taobao, will remain in a high-speed growth period in the next five years and will bring about a large number of job opportunities. The industry estimates that the e-commerce service industry will bring about 100,000 of jobs in Sichuan.

IDC estimates that the overall transaction scale of e-commerce in 2008 reached 1951 billion RMB, of which B2B (merchant-to-merchant) e-commerce transaction volume maintained a growth rate of around 2008 in 20%, B2C (merchant-to-individual) /C2C (for individuals) maintained a growth of about 2008 in 30%.

IDC also compared the cost of online stores and physical stores: Compared with traditional logistics, third-party logistics reduces the transportation cost by 60% for sellers and the transportation time by 30%; online retail can also reduce the channel cost by 47%, and the overall marketing cost is about 55% lower than that of traditional offline stores.

IDC estimates in the white paper that by the end of 2008, the number of China's network operators has exceeded 50 million and will maintain steady growth in the next few years. It is estimated that the number will reach 2012 by the end of 0.1 billion, among them, Beijing, Shanghai, Guangzhou, Hangzhou and other places are the most concentrated areas of network commerce.