The C2C and B2C e-commerce markets in China have not been affected by the economic crisis and have registered growth in revenue during Q1 2009, Interfax China reports.
According to the same source citing statistics released by a local consulting group, the C2C segment witnessed a 15.7 percent increase quarter-on-quarter in revenues to USD 6.47 billion (CNY 44.19 billion). For the period under review, the Chinese online shopping marketplace for consumers Taobao held 82.2 percent of the market share, followed by Tencent Paipai and EachNet with 10.5 percent and 7.3 percent, respectively.
B2C e-commerce revenues increased by 12.2 percent as compared to Q4 2008, reaching USD 367.7 million (CNY 2.51 billion). B2C operator 360buy.com had the highest market share in this sector (22.9 percent). Chinese shopping website Joyo came second with a market share of 15.14 percent, followed by online book retailer Dangdang with 12.75 percent.
China's B2B e-commerce segment was most affected by the economic downturn, with revenues dropping by 7.2 percent quarter-on-quarter to USD 20.7 million in Q1 2009.
