Jan. 31, 2012 (China Knowledge) - Guangdong
, a coastal province in southern China, topped China's online shopping market by the 315 million orders in the first 11 months of 2011, according to iResearch, a Chinese internet research company.Zhejiang
Province ranked second with 239 million orders in the reporting period, followed by Jiangsu
Province with 228 million, Hunan
Province with 153 million, Shandong
Province with 152 million, Fujian
Province with 127 million, Henan
Province with 113 million, Sichuan
Province with 107 million, Shanghai
with 101 million and Hubei Province with 97 million.
In the whole year of 2011, China saw the transaction value of online shopping market total RMB 773.56 billion, reflecting a year-on-year increase of 67.8%. The transaction value is estimated to surge 53.1% to RMB 1.18 trillion in 2012, increase 32.5% to RMB 1.57 trillion in 2013, grow 28.3% to RMB 2.01 trillion in 2014 and increase 26.8% to RMB 2.55 trillion in 2015.
The online shopping sector accounted for 11% of China's E-commerce market last year, and the proportion was 37.7% in B2B for above-scaled enterprises, 48.9% in B2B for small and medium-sized enterprises or SMEs and 2.4% for online travel booking business.