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“The China Electronic Commerce Association has found that 32 percent of the estimated 194 million ecommerce-savvy Chinese Internet users purchased from fraudulent websites during the period, as reported by Xinhua (translation). A conservative estimate put losses at RMB 30.8 billion.”

— 1 in 3 Chinese Online Shoppers Suffer Fraud as Losses Add Up to $4.7bn

August 13, 2012 · 7:46 am · 4 notes « Prev  Next »

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