Shanghai tops China’s online shopping market
Florence SONG | May 13, 2010News from ShanghaiDaily said that SHANGHAI had topped the online shopping market in China in terms of purchases and sales turnover. The city’s residents spent 17.42 billion yuan (US$2.56 billion) online in the year ended May 1, accounting for 8.67 percent of the total online trade and ranked No. 1, according to the Taobao report. (Taobao isthe biggest online business platform in China.) Shanghai has 19.21 million permanent residents based on official population data. That meant each local citizen spent 906 yuan annually in shopping online.
Seen from the picture, among the top 10 biggest traders were all first- and second-tier cities in China, including Beijing, Shenzhen, Guangzhou and Hangzhou. But the report also noted lower-tier cities in the country’s western areas have substantial growth potential in the online shopping market.
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