Business-to-business (B2B) e-commerce transactions in China have reached USD 466.7 billion in H1 2012, up by 13 percent since H1 2011, a recent study has unveiled.
According to a report released by Sina Tech, the number of companies in China using B2B platforms has exceeded 16.5 million during the period under review.
Result have pointed out that Alibaba has led the B2B market with 41.5 percent share. The same source has indicated that currently there are 10,950 platform operators in the market, up 7 percent year-on-year growth.
The research also forecasted that the Chinese B2B e-commerce market will continue its growth in Q3 2012 as well, and could possibly exceed the USD 284.8 billion mark.
In its 12th Five-Year Plan, the Chinese government set a goal of doubling the country's e-commerce transactions by 2015. The government hopes to generate USD 2.8 trillion in e-commerce transactions by 2015 with B2B transactions making up the majority share at USD 2.4 trillion.
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