China Watch Blog has learnt that Shanghai will support construction of large e-commerce platforms similar to Taobao.com in a bid to create a national e-business model and accelerate the city’s growth into a global trading center.
Sha Hailin, chairman of the Shanghai Commerce Commission, said yesterday the government will encourage the development of big online platforms for transactions. But unlike Taobao, which has become China’s most popular consumer shopping website, Shanghai’s strength is in business-to-business online platforms.
The city will soon establish a website to serve cross-border trade as well as domestic deals, and will accelerate the construction of online platforms to trade commodities.
Last year, online retail shoppers in Shanghai spent more than 34 billion yuan (US$5.3 billion), or 5.72 percent of the city’s total retail sales, making it the top online shopping market in the country.If you think China Watch Blog's information is useful, click on cup of coffee on left hand side and make a small contribution via PayPal