Latest major study confirms Taobao.com clear market leader over eBay China
Beijing, China – December 9, 2005 – A new study by Analysys International has confirmed Taobao.com to be the market leader in China’s online C2C market, with a 57% market share versus a 34% market share held by eBay China. The study also predicts Taobao.com’s leadership will continue into 2006 when, according to Analysys, “Taobao.com will likely dominate the market.”
The market share data is based on the transaction volumes, or Gross Merchandise Volume, handled by China’s online consumer-to-consumer marketplaces. Gross Merchandise Volume is the global industry standard metric for determining market share in the C2C market.
In addition to confirming Taobao.com’s market leadership, the Analysys study found the overall China C2C market has grown dramatically in the first three quarters of 2005, reaching more than US$1billion in total transaction volume, or nearly double the transaction amount for the full year of 2004.
Additional details about the report and Analysys International can be found on the Analysys International website: http://english.analysys.com.cn/.
About Alibaba.com Corporation
Alibaba.com Corporation is China's leading e-commerce company, operating the world's largest online marketplaces for both international and domestic China trade, as well as China's most popular online payment system, AliPay. Alibaba.com also owns and operates Yahoo! China, which it acquired in October of 2005.
Alibaba’s Portfolio of Businesses
Alibaba International (www.Alibaba.com) is the world’s largest import-export marketplace primarily serving small and medium-sized enterprises (SME's) in the international trade community.
Alibaba China (www.China.Alibaba.com) is China's largest online marketplace for domestic trade among businesspeople.
TaoBao (www.Taobao.com) is China's most popular consumer-to-consumer trading site.
Yahoo! China (www.yahoo.com.cn) Yahoo! China, a division of Alibaba.com, is a leading Internet search brand serving China’s consumers and businesses. In October 2005, Alibaba.com acquired Yahoo! China and formed a long-term strategic partnership with Yahoo! Inc.
AliPay Online Payment Solution
Alibaba operates AliPay (www.AliPay.com) which enables individuals and businesses to securely, easily and quickly send and receive payments online.
Alibaba.com was founded in 1999 and is based in Hangzhou, eastern China. It has approximately 3,000 employees, as well as 14 regional offices across China and other offices in Hong Kong, Silicon Valley, and Europe.
For more information, please contact:
Vice-President, Corporate Marketing
China Mobile Phone: +(86)-138-1782-6630
Worldwide Communications & Television for Alibaba.com
Marcy Simon, 212-445-8220 (Media Relations).