China B2B e-commerce market reached RMB 5.48 billion (USD 883 million) in Q1 2015, an decrease of 1.6% QoQ according to Analysis International.
The first quarter of year normally sees slow growth in China B2B market considering the fiscal year cycle, enterprise purchase cycles, holidays and etc. In addition, China’s international trade market had some negative impact. The total value of China’s import and export trading was down by 6% QoQ in Q1 2015.
China’s international trading trade B2B platform completely enters a transaction era; and, the value of credit guarantee service entered the stage. Cross-channel collaborations have become new means for B2B e-commerce platforms to enhance the competitiveness.
Alibaba still dominates China’s B2B market by revenues with 44.13% market share, followed by HC360 (4.86%) and Global Sources (4.69%).
Also read: China Top 10 B2B Websites in Q4 2014