Monday, November 15, 2010

Many riches to be made in China's Internet market

Despite of the negative, unethical, cut-throat competition there, it is still widely perceived that there are still huge fortunes waiting to be made in the Chinese Internet market.

This year's online revenue in China is currently forecast to be $4.4 Billion, with forecast 50% annual growth rate.
This year's web games revenue is forecast to be around $5 billion, with forecast 30% annual growth rate.

This year, eCommerce in general is forecast to have $60 billion in value and transactions, and is estimated to be growing at 45% year-by-year.

There are an estimated 430 million Internet users in China.

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