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Monday, July 25, 2005

It is growing: China's online presence

Is it a wonder that companies engaged in the Internet business start drooling when it comes to China?

"The number of Web users in China, the world's second largest Internet market, grew by nine million people in the first half of this year to hit 103-million."

While this is a nice number taken alone, 20% of those also purchased products online already. And this is a country where infrastructure and delivery is all but certain. Overall, this equals US$1.2 billion - quite good in a country of so-called low wages. Online gaming is the sector to be in: "The burgeoning online gaming market proved especially lucrative, with Internet gamers spending close to US$500 million on virtual equipment for their online alter-egos in the first six months of 2005."

Talk about money!

(By Asia Business Consulting)