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But now, business for China's online retailers is picking up. Consumer e-commerce in the country will top $1billion in 2007 and grow at an average of 34% annually over the next three years, according to the Internet Society of China, a trade group. While few Chinese pay with plastic, e-tailers are getting a big boost from dozens of online-payment systems offered by banks and outfits similar to the popular U.S. service PayPal (EBAY). Online payments by both companies and consumers are expected to triple over the next two years, to $24 billion, market watcher iResearch says. "There has been a lot of progress," says Hanhua Wang, head of Amazon.com's (AMZN) operation in China, Joyo Amazon. About 15% of Joyo's sales are now paid for online, double the level of two years ago.
China's E-Tail Awakening

Don't be the product, buy the product!

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