Shanghai emerges as top online shopping city in ChinaFebruary 17th, 2009 - 6:15 pm ICT by ANI
New Delhi, Feb 17 (ANI): Shanghai has come out as the top city in China where most of the online shopping is done.
As per the report, conducted by the iResearch Consulting Company, in 2008, the city is said to have spent 16.5 billion yuan, with the yearly spending online being 2,200 yuan per capita, reports China Daily.
The report was based on a nationwide survey of 100,000 Internet users interviewed through 84 major websites, and the total volume of online shopping in China reached a record high of over 120 billion yuan in 2008, up 128.5 percent over 2007.
E-business has become a vital part of the retail world, and large cities, like Shanghai, Beijing, Shenzhen that dominate the offline retail world also lead the pack online, said Liu Zheng, senior consultant from Beijing-based SDR Consulting Company.
It is also notable that the second and third tier cities such as in Shandong and Jiangsu provinces have become the major growing areas for online shoppers.
More than 70 percent of users of Taobao.com are from those second and third tier areas, he added.
Male online shoppers outnumber women, accounting for 55 percent, with electronic products being the main consumption choice among male shoppers.
And despite the proximity of several large shopping malls, 27-year-old Shanghai resident Xiao Gao said she prefers shopping on the Internet.
Online shopping has increasingly become a mainstream lifestyle, and I purchase products or services online at least once a week, she said.
Low price is the chief consideration.
It’’s kind of life support that can reduce the traffic driving to those stores.
I am making online shopping a habit and spending more, she added.
So far, Taobao.com retains a stable leading position in online shopping with 82.2 percent market share, followed by PAIPAI.com and eachnet.com, with 9.9 percent and 7.9 percent, respectively. (ANI)
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