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China’s E-commerce Market Valued at US$45 bil in Q2

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.

According to 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%), Amazon.com (0.8%), Dangdang (0.7%) and Yihaodian (0.3%).

Source:  Business Strategies Group Hong Kong  –  www.bsgasia.com  –

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