Internet has become a powerful medium for content, communication and commerce in China and globally, and this is driving all forms of e-commerce activities. The number of Internet users in China has grown rapidly in recent years. This trend is expected to be further accelerated in the next few years with the growth of broadband access in China which will benefit both B2B and B2C marketplaces.
One of the key examples of the reach of online businesses is the Asia's No.1 B2B portal, Alibaba.com.
Mr David Wei - CEO, Alibaba.com, explains, “Suppliers and buyers come to our marketplaces to establish their presence on the Internet, identify potential trading partners and interact with each other to conduct business online. We offer basic features and services to all users at no charge. Suppliers who purchase premium services from us are important, including priority placement in search results, third party authentication & verification, and value-added services.”
Today, for any company or organization, online presence is inevitable. According to China Internet Network Information Center, or CNNIC, the number of Internet users in China grew from 59.1 million in 2002 to 137.0 million in 2006, with Internet penetration rates increasing from 4.6 to 10.5 percent over the same period.
Exclusive interview with the CEO here.
Fibre2fashion, News Desk - India
marketing@alchempro.com
