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  • Date: 2012-05-17 09:19:29           
  • It’s time for retailers in Asia to go online, according to a study released Monday by PwC.Zhou Junxiang – Imagine ChinaA Chinese Internet user browses the online car store of Geely Gleagle on Taobao Mall in Shanghai, China, December 2010.PricewaterhouseCooper’s report, 2011 Outlook for the Retail & Consumer Products Sector in Asia, suggests that the region is on the brink of an online explosion, led by growing number of Chinese customers shopping on the Internet.Although China’s online retail market is still underdeveloped because of transaction-security issues and limited credit-card use, growth in that sector has been impressive. In the first half of 2010, Internet sales in China rose 60% year-over-year. About a third of the country’s Internet users — 140 million — now shop online. Web transactions for the first half of 2010 totaled 2.25 trillion Chinese yuan ($331 billion), including business-to-business, business-to-consumer and consumer-to-consumer s...