China's bulk commodity ecommerce transactions amounted to 13.36 trillion - 20% YOY increase



Recently, China Daily News reporter learned from the China Electronic Commerce Research Center, according to its release of the "2016 China's Bulk E-Commerce Business Development Report". China's bulk commodity e-commerce market transactions amounted to 13.36 trillion Yuan in 2016, which increase by 20.14% compared to last year.

The report shows that in the main mode of large business, according to the service content is divided into information service mode and online trading mode. The platform has changed from the initial traditional mode of "collection of membership fees, PPC, offline exhibition" into transaction mode which provides services for the upstream and downstream enterprises, providing business development of financial services, online transactions, and financial logistics’ value - added business. Many enterprises provide a wide range of financial products through the commodity trading scene. In the future, the wind control mode continues to improve, its own barriers continue to improve, and financial business will usher in a rapid rise.


China Electronic Commerce Research Center B2B and cross-border electric business department director, senior analyst Zhang zhouping says, because of the policy support and capital force, the domestic power dealers usher in a strong outlet in 2016, the size of market transactions has been rose year by year. At present, the bulk e-commerce industry is still in the initial stage. But leaders in some sub-sectors appeared, for example some steel e-commerce platforms have achieved profitability. I recommend bulk e-commerce enterprises stay in a solid layout to achieve a breakthrough in self-employed, logistics, supply chain finance and other services.

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