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Jan 19, 2011

True Success Online

Do you know that the mobile phones were first designed to access the Internet in 1999? But the targeted effect of this innovation began to be fully experienced just a few years back. Right now mobile phones are widely being used to access the net and its accessibility graph is approximately 50% of the total.

The News
China's online population grew to 457 million in 2010 as the use of mobile phones to surf the net spread rapidly. This was a 73 million increase over the year of 2009.

The online population growth is not only in surfing the net, but also in the appetite for online shopping - hello online marketers!

To quench the thirst of their increasing customer base, China's largest e-commerce firm, Alibaba Group, and its financing partners are planning to spend $4.5 billion (30 billion Yuan) setting up a network of warehouse across the country.

In a report by Reuters:

"This investment will help give clients reassurance that the things they buy will not be damaged by a third party along the way, and will help client stickiness to Alibaba platform." said Victor Yip, an analyst at UOB Kay Hian in Hong Kong.

Keep it up China!

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