The Scale of China’s Internet Economy Reaches CNY 94.34 Bn in Q2

Source: iResearch, ChinaScope Financial (Data)

+       Latest data from iResearch shows that the size of China’ internet economy reached CNY 94.34 billion in the second quarter of 2012, a year-on-year increase of 66.1%.

+       In terms of different markets segments, the SME B2B and the search engine market underperformed the industry average, while the mobile shopping market continued its explosive growth, up 487.9% year-on-year.

In China’s growing internet economy, SME B2B and PC Search Engine markets are growing only modestly, while mobile online shopping is enjoying strong growth. Taobao is claiming the lion’s share of this booming market.

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