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January 10, 2008

According to a new study released on Jan. 8, overall B2B sales transactions grew to 1,250 billion yuan (168.9 billion U.S. dollars) in China for 2007. These numbers represent a 25.5 percent increase from numbers published in 2006.

The poll, conducted by the Data Center of the China Internet (DCCI), reported that the newly-listed Alibaba.com was first in the B2B and eCommerce marketplace and accounted for about 70 percent of market share.

The "Netguide 2008 Survey" provides a B2B sales summary of last year and it polled more than 300 B2B portals and about 200 enterprises, and with 50,786 interviewees all over China.

Overall, Alibaba.com is one of China's fastest-growing Internet and B2B companies. Its registered members soared to 24.6 million last year, from 6 million in 2004.

Paying subscribers in the corporate sector grew to 255,000 by June 2007 from 77,000 in 2004.

Alibaba.com, which reportedly has the world's biggest base of online and B2B suppliers, raised 1.5 billion U.S. dollars in its initial public offering in November 2007.

This represents the second-largest Internet offering in history after Google's IPO in 2004.

According to the DCCI survey, other B2B companies on the top list are netsun.com, globalsources.com, cn.made-in-china.com and hc360.com.

The Netguide 2008 Survey also forecasts that China's B2B trade volume will exceed 1,620 billion yuan (218.9 billion U.S.) this year, and a little over 2,130 billion yuan (287.8 billion U.S.) next year.

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Source: B2B China