Alibaba’s Taobao marketplace is the top online store in China. Alibaba also runs the second largest store, called Tmall.
China’s top two ecommerce companies show that online shopping is now mostly a mobile affair.
Whereas only about 30 percent of shopping on the web happens on mobile devices in the US, the figure is well past three-quarters in China.
Alibaba, China’s ecommerce leader, now sees 75 percent of spending on mobile on its two marketplaces, Tmall and Taobao. That’s the newest figure revealed today in the firm’s latest earnings report.
China’s second biggest online shopping destination, JD, is even further ahead. 79.3 percent of fulfilled orders come from shoppers on phones and tablets, the company said yesterday.
Editing by Osman Husain
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