Online shopping revenue to hit 800b yuan
Updated: 2012-02-02 16:14
By Chen Limin (chinadaily.com.cn)
The total online shopping revenue in China for 2011 is expected to hit 800 billion ($127 billion) yuan, with 3.65 billion pieces of express mail and parcels sent, said He Liming, chairman of China Federation of Logistics and Purchasing.
In 2010, people spent 450 billion yuan on online shopping, according to figures from the Ministry of Commerce.
However, the development of logistics services still lags behind the country's booming e-commerce industry. Express delivery services are usually delayed if e-commerce websites hold low-discount promotions to boost sales, which leads to consumers' complaints.
The value added of the logistic industry, express delivery included, last year is expected to hit 3 trillion yuan, according to He, with a year-on-year increase of 14 percent.
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