Friday, October 19, 2012

China’s e-commerce market valued at US$45 bil in Q2

News this week: Recently published research claims that the transaction volume of China’s e-commerce industry reached US$44.5 billion in the second quarter of 2012 – a jump of 45% year-on-year.

A report published by Analysys International claims that the consumer-focused arm of Alibaba Group, Taobao, holds a 76% market share of China’s e-commerce industry with transaction volume exceeding US$31.9 billion in the second quarter of this year. Trailing far behind Alibaba were 360buy (5.5%), Tencent (4.5%), Suning (1.2%), (0.8%), Dangdang (0.7%) and Yihaodian (0.3%).

In May this year, China’s vice minister of commerce, Jiang Yaoping stated that e-commerce represented 4% of retail sales in China in 2011, with transactions up 30% to US$925 billion – or 12.5% of China’s GDP.

This post is excerpted from BSG's weekly e-newsletter which is part of our subscription research service, BSG Tracker. Visit our website to find out more about this service. You can also follow us on Twitter for all the latest updates.

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