B2B e-trading in China tops Rmb1 trillion

CCID is an interesting company. Sitting away in another wing of the Ministry of Information Industry, it competes with IDG quite directly (and well) and, in some ways, mirrors its activities. It's the second largest IT publisher in China.

I often forget about CCID Consulting, its listed subsidiary in Hong Kong. However, it came to my attention today with a very interesting press release about a report it's produced on China's B2B e-markets. More pre-AliIPO activity I guess.

Highlights include the suggestion that "As the mainstream...of China's e-business market, B2B trading value amounted to 1.0044 trillion Yuan [US$129 billion in 2006], up by 47.5% over 2005, accounting for 91.3% of the overall e-business trading value".

It also suggests that "Alibaba has taken up a market share of over 50%. In 2006, Global Sources started to join hands with hc360 to develop China's SMB market. Combined, they have a total market share of some 30%".