The results of the research performed by consulting firm Analysys International, which specializes in Chinese internet market research, have revealed that the second quarter 2011 sales revenue which was brought in by way of purchases made using a smartphone totaled approximately 1.67 billion yuan (about $261 million). This is a significant increase when compared to the same time in 2010, when the sales revenues were approximately 880 million yuan. These statistics have retailers in China watching the mobile commerce environment very carefully. Some experts are predicting that China’s internet development…
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