Recently Beijing held the first gathering aimed at building the booming group purchase sector in China. According to an industrial report, group purchase websites have mushroomed over all China and reached 1,664 at the end of November 2010.
The report, titled "Investigation Report on the Development and Credibility of China's Group Purchase Websites 2010," says generally Chinese consumers recognize these websites.
About 70 percent of consumers are satisfied with the service, and more than 72 percent were satisfied with products provided.
However, consumers' confidence in the websites is low. A survey covering more than 257 websites shows that only 7 percent of websites surveyed are believed to be credible and over one-third lacks credibility.
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