NEW YORK, 14 May 2000 - Online spending by small businesses in the United States has surged more than 1,000 percent since 1998 and is expected to grow to US$118 billion by 2001, according to a study released on Sunday. In 1999, small businesses spent more than US$25 billion on products and services via the Web, a significant increase from the US$2 billion spent in 1998 and further igniting the already popular trend in business-to-business transactions that has taken the Internet by storm over the past several months. - Reuters
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