Infographic: Tmall’s China E-Commerce Supremacy

Tmall dominates the B2C scene with slightly more than 50 percent of market share. (China Internet Watch)

Tmall dominates the B2C scene with slightly more than 50 percent of China’s total e-commerce market share. (China Internet Watch)

After a massive amount of online buzz about recent IPO announcements by Chinese e-commerce giants Alibaba and JD.com, China tech blog China Internet Watch has released an infographic laying out exactly how much China market share each of China’s B2C (business-to-consumer) e-commerce sites take up. Alibaba’s behemoth Tmall tops the chart by sizable margin with 50.55 percent of market share by revenue, while JD.com comes in second with nearly a quarter (23.28 percent) of the total market. The next three runner-ups, VIP.com, Yixun.com, and Amazon lag far behind, with between 2 and 3 percent each.

According to the blog, China’s total online shopping revenue hit 181.92 billion yuan (US$29 billion) in the first quarter of 2014, marking year-on-year growth of 44.6 percent. The B2C sector is rising much faster than C2C (consumer-to-consumer) sites, which grew by 18.3 percent in that time period, according to Chinese research company iResearch.

Alibaba’s Tmall and C2C site Taobao dominate the overall e-commerce market in China, and have investors abuzz right now after the company filed a $1 billion U.S. IPO last Wednesday that is expected to raise a much higher amount when it goes public. Not long after, rival Jingdong Trading Co.’s JD.com filed regulatory papers for a U.S. IPO with plans to raise $1.7 billion as the company does everything it can to try to catch up with its gigantic competitor.

 

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E-Commerce, Tech