C2C Market is Growing in China

From ChinaKnowledge:

"The consumer-to-consumer (C2C) market has become the new growth hotspot of the e-commerce industry in China, with a turnover of RMB 13.5 billion ($ 1.7 billion) – triple of the 2004 volume, according to a study released yesterday by the China Internet Development Research Center (CIDRC) under the Chinese Academy of Social Sciences.

According to the report, Chinese e-commerce sales last year hit a record RMB 553.1 billion ($ 69 billion), an increase of 58% over 2004, and the figures are set to continue growing this year."