According to iResearch, in Q2 2013, China online third party payment transaction hit 1,121.65 billion yuan (USD 181.83 billion), with a 10.2% QoQ growth. However, YoY increase kept going down, with only 28% in Q2 2013. Online shopping, air tickets booking and game segment markets were saturated, online payment was steadily growing. As mobile online […]
According to iResearch,Chinese online transaction market scale reached 352.1 billion yuan (USD 57.52 billion), with a year-on-year increase of 36.6%. B2C has surpassed 30%, increasing 10% compared to last year. Tmall is leading B2C market, with 51.3% online market share in Q2, while Jingdong tops independent sales B2C market with 43.4% share.
According to Hitwise, Jingdong is the most visited B2C website with over 462 million visits, who also had the fastest month-on-month growth of 30%.
Suning.com, being operated by Suning Appliance Company Limited and one of the largest privately owned electrical appliance retailers in China, came on top with its annual turnover in 2012 reaching 18.8 billion yuan (USD 3 billion). And Yintai.com led the way of the department store with 560 million yuan (USD 91 million) annual turnover.