October 13th, 2004
Only 10% of Internet users in China shop online
Only 10% of China’s estimated 90 mln-plus Web surfers buy things on the Internet, compared with 38% in the United States, according to industry executives. About a quarter of online auction transactions in China are completed in person, and just 30% of all Web shopping payments are handled over the Internet, in a society where cash is still king, analysts say. The nation’s credit card holders now number a scant two mln, a fraction of its 1.3 bln people.
Alex is a software engineer in the San Francisco Bay Area. ITFacts is created and updated by a group of statistics-obsessed individuals.
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