E-commerce related Web use has accelerated in China from January to June as 142 million of the country's more than 420 million Netizens shop online, said the China Internet Network Information Center (CNNIC) in its 26th report on China's Internet development.

By the end of June 2010, 33.8 percent, 30.5 percent and 29.1 percent of Chinese Internet users had used online shopping, online payment options and online banking services. Users of the three applications have all grown by around 30 percent in the first half of this year, much faster than other applications, the report said. In addition, search engine users reached 320 million, up 13.9 percent, and quite a number of them found things they want to buy online with the help of search services.

E-commerce also highlighted venture investments in China. China's e-commerce sector can expect a new round of investment this year, and a number of companies that have completed several rounds of fundraising will seek IPOs next year, said Zhang Yanan, an analyst with zero2ipo Group, an integrated service provider in China's venture capital and private equity industry.

Investments worth more than $600 million in 95 cases were injected into China's business-to-customer sector and relevant businesses between 2006 and 2009, said statistics from zero2ipo Group. In the first quarter of 2010 alone, the sector attracted 11 investments, and seven of them, with disclosed investment details, averaged $21.32 million each, higher than the 2008 and 2009 levels, said the company.