The GMV of China's online retail B2C market totaled 952.85 billion yuan (US$148.18 billion) in Q1 2018, up by 32.2% from Q1 2017.
In Q1 2018, Tmall GMV up by 41.2% over Q1 2017, taking the largest market share of 59.6% in China's retail e-commerce sales. JD.com was next with a share of 25.3% and GMV growth of 25% year-on-year. Suning.com ranked third with a share of 5%. Vipshop and GOME took the fourth and fifth places with a share of 4.1% of 1.3% respectively.
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