9 Aug 2010 12:16

China's e-commerce sites record transactions worth $332.6 billion in H1

Shanghai. August 09. INTERFAX-CHINA - The transaction value for China's e-commerce industry in the first half of 2010 was RMB 2,250 billion ($332.6 billion), of which 91 percent consisted of the business-to-business (B2B) sector with the remainder made up of the business-to-consumer (B2C) and consumer-to-consumer (C2C) sectors, according to China e-Business Research Center (CBRC) on Aug. 9.

Total transaction value for the B2B sector amounted to RMB 2,050 billion ($302.1 billion), while that of the B2C and C2C sectors combined accounted for RMB 200 billion ($29.56 billion) in the first half, the CBRC report said.

Revenue for the B2B sector reached RMB 4.5 billion ($665.10 million) in the first half, while the B2C sector generated RMB 6 billion ($886.80 million) in the same period, according to the report.

The combined market share of five publicly-listed B2B companies accounted for 74.7 percent of the B2B market in the first half, according to CBRC.

By far the largest was Hong Kong-listed Alibaba.com Ltd. with a 54.6 percent market share, the report said.

Nasdaq-listed Trade Media Holdings Ltd., operator of Globalsources.com.cn, was second with 11.8 percent of the market, while HC360.com, operated by Hong Kong-listed HC International Inc., had a 3 percent market share in the first half, the report said.

The remainder was made up of two Shenzhen Stock Exchange-listed firms: Focus Technology Co. Ltd., with Made-in-china.com and Zhejiang Netsun Co. Ltd. with Netsun.com, according to the report.

In the B2C sector, the CBRC report listed 360buy.com as the leading player with 34.5 percent of the market at the end of June 2010.

Taobao.com remained the leader in the C2C sector with 83.5 percent market share in the same period, the report said.

China was home to 20,700 e-commerce Web sites at the end of June 2010. This total includes 8,200 B2B sites, as well as 12,500 sites in the B2C and C2C sectors, according to CBRC.

C2C Web sites hosted a total of 12 million online shops run by individuals at the end of June 2010, the report said.