Shanghai. April 29. INTERFAX-CHINA - China's online consumer-to-consumer (C2C) and business-to-consumer (B2C) sectors maintained a high rate of growth in the first quarter of 2009, although the business-to-business (B2B) sector struggled due to the global economic downturn, according to a report released on April 29.
China's C2C sector generated revenues of RMB 44.19 billion ($6.47 billion) in the first quarter of 2009, up 15.7 percent quarter-on-quarter, according to the report by iResearch. Revenues from the B2C sector reached RMB 2.51 billion ($367.7 million) in the period, up 12.2 percent from the previous quarter.
However, China's B2B sector revenues slid by 7.2 percent quarter-on-quarter to RMB 1.37 billion ($200.7 million). The drop was mainly due to a fall in transactions from overseas purchasers. During the first quarter of 2009, China's overall foreign trade dropped by 24.9 percent to $428.7 billion year-on-year, according to the National Bureau of Statistics.
Taobao remained the top operator in China's C2C sector for the period, with an 82.2 percent market share. Tencent Paipai and EachNet followed with respective market shares of 10.5 percent and 7.3 percent.
The largest B2C operator in the period was 360buy.com, with a 22.9 percent share of the market. Joyo and Dangdang followed, with market shares of 15.14 percent and 12.75 percent respectively.
Alibaba.com led the B2B market in the first quarter with a 58.4 percent market share. GlobalSources.com and Made-in-china.com ranked second and third, with respective market shares of 9.5 percent and 4.4 percent.
iResearch predicted that the global economy will show signs of recovery in the second quarter of 2009. Aas such, China's C2C and B2C sectors will maintain their growth, and the B2B sector will recover to exhibit growth of 15 percent quarter-on-quarter.
Source: http://tmt.interfaxchina.com/
China's C2C sector generated revenues of RMB 44.19 billion ($6.47 billion) in the first quarter of 2009, up 15.7 percent quarter-on-quarter, according to the report by iResearch. Revenues from the B2C sector reached RMB 2.51 billion ($367.7 million) in the period, up 12.2 percent from the previous quarter.
However, China's B2B sector revenues slid by 7.2 percent quarter-on-quarter to RMB 1.37 billion ($200.7 million). The drop was mainly due to a fall in transactions from overseas purchasers. During the first quarter of 2009, China's overall foreign trade dropped by 24.9 percent to $428.7 billion year-on-year, according to the National Bureau of Statistics.
Taobao remained the top operator in China's C2C sector for the period, with an 82.2 percent market share. Tencent Paipai and EachNet followed with respective market shares of 10.5 percent and 7.3 percent.
The largest B2C operator in the period was 360buy.com, with a 22.9 percent share of the market. Joyo and Dangdang followed, with market shares of 15.14 percent and 12.75 percent respectively.
Alibaba.com led the B2B market in the first quarter with a 58.4 percent market share. GlobalSources.com and Made-in-china.com ranked second and third, with respective market shares of 9.5 percent and 4.4 percent.
iResearch predicted that the global economy will show signs of recovery in the second quarter of 2009. Aas such, China's C2C and B2C sectors will maintain their growth, and the B2B sector will recover to exhibit growth of 15 percent quarter-on-quarter.
Source: http://tmt.interfaxchina.com/
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