E-commerce site predicts 80% growth

By Rich Zhu | April 4, 2009, Saturday |

Print Edition

DHGATE.COM, a Beijing-based e-commerce Website, expects online trade volume to grow 80 percent in 2009 thanks to its customized services for Chinese manufacturers hit by the current financial crisis, it said yesterday.

The Website's trade volume was 1.8 billion yuan (US$264 million) last year and it's expected to hit 2.5 billion yuan in 2009, said Wang Shutong, chief executive of the Website.

"The global financial crisis has hit everyone in the sector and therefore we are launching these services to help Chinese manufacturers," said Wang.

Dhgate kicked off its new services for export-oriented firms, mainly in manufacturing industry, in January.

These include translation, a 24-hour sales service and instant messaging, and it's charging an annual fee of 8,888 yuan.

China's online B2B (business-to-business) market revenue was 2.15 trillion yuan in 2008 and it is expected to grow 41.6 percent a year over the next three years, according to CCID Consulting, a Beijing-based research firm.

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E-commerce site predicts 80% growth

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