China's e-commerce transaction volume surged to 1.02 trillion yuan in the first quarter of this year, the Securities Times reported Monday, citing data from iResearch Consulting Group.

E-commerce has become the focus of Internet-related industries, the Shanghai-based research company said. Among the 1.43 billion yuan investment and financing of Internet-related industries in the first three months, e-commerce took up 74.3 percent.

Business To Business (B2B) remains the most important operation on the e-commerce market. B2B transactions between small- and medium-sized companies accounted for 52.6 percent of the e-commerce market.

Online shopping and ticket and hotel reservation businesses grew rapidly. Online shopping made up 10.1 percent of the e-commerce market in the first quarter.

The consulting firm believed that the online retail market would add more momentum to e-commerce development in the future.