Photo: hktaobao.net
A report earlier in the month from the folks over at Analysys International indicates that China’s B2C e-commerce market could be worth as much as 81.8 billion RMB (or $12.9 billion).
Looking at the Analysys’s breakdown of the companies who hold the biggest share of all that cash, Alibaba’s (HKG:1688) Tmall is way out front with 37.38 percent of the B2C online retail market. As great as Tmall’s dominance is, it’s actually down from its even more dominant Q4 position, when it held 39.9 percent share.
On the other hand, the other major play in this space, 360Buy, has risen to 17.23 percent from 14.7 percent in the previous quarter.
It should be noted that the global e-commerce behemoth Amazon (NASDAQ:AMZN) is only clutching just over two percent of the market in China, down with a number of other also-rans. But a few months back Amazon China’s CEO Wang Hanhua noted that he figures this sector to be more of a marathon than a sprint. Nevertheless, it certainly looks to be a two-horse race right now between Tmall and 360Buy [1].
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