Even there are not existed of the online payment gateway in China, people still shopping a lot online. For example, an online shop called www.dangdang.com who’s selling the books &
digital products online. And their annual turnover can be more than USD70 million. Of course in American online shop, it’s not a big turnover, however in a developing country, it’s a good turnover. And they set up only for around 5 years with the investment from few venture capitals
And there is also a China famous auction site called www.taobao.com where the annual turnover from that auction site is more than USD40,000,0000. And that auction site even developed a debit card online payment gateway for only use in their auction site. And the age of that site is only around 3 years.
All of this doing very well are due to the high growing rate of the wide-band internet market. In the class A city such as Beijing, Shanghai & Shen Zhen, almost all new building are existed of the wide-band internet, otherwise, that building would be lacked of one more selling point, and people even call it wide-band-family.


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