Over 50 million online suppliers bring more jobs in China

IDC China, an internationally renowned market research company, released a white paper on China's e-commerce service sector recently.

The paper pointed out that, despite the impact of the financial crisis, China's e-commerce service sector, represented by businesses such as Alibaba.com, will continue to perform a high-speed growth in the next five years and will create a large number of employment opportunities.

According to IDC's estimates, the overall e-commerce transaction volume in 2008 totaled 1.951 trillion yuan, of which B2B (Business to Business) e-commerce volume maintained a growth rate of around 20%. In 2008, B2C (Business to Customer) and C2C (Customer to Customer) e-commerce transaction volumes maintained a growth rate of around 30%.

This trend was in sharp contrast to a sluggish macroeconomic environment and depressed market confidence. According to IDC's forecasts, China's total e-commerce transaction volume will reach 2.51 trillion yuan in 2009 and 3.22 trillion in 2010. This means maintaining a high-speed annual growth rate of 28%, making e-commerce the most impressive highlight of the Chinese economy in the next two years.

The white paper pointed out that, third party e-commerce platforms have effectively boosted the e-commerce development of small and medium enterprises (SMEs). Among a number of SMEs surveyed, 25.04% indicated that for every one yuan they invested in top e-commerce platforms, they received an average return of 234 yuan in transaction volume.