China Internet Watch

China B2B e-commerce market overview in H1 2018, led by Alibaba, HC360

CIW Team — Tue, 02 Oct 2018 08:00:59 +0000

The transactions and revenues of China's B2B e-commerce totaled US$1.63 trillion and US$3.71 billion in the first half of 2018, respectively. Alibaba.com, HC360.com, and Cogobuy were top three leading B2B platforms.

The transactions of B2B e-commerce reached 11.2 trillion yuan (US$1.63 trillion) in the first half of 2018, with an increase of 14.2% compared with 9.8 trillion yuan in H1 2017.

The B2B e-commerce market generated a total of 25.5 billion yuan (US3.71 billion) in revenues, with an increase of 51.7% compared with 16.8 billion yuan in H1 2017.

Alibaba.com leads this market with a share of 30.07% (a decline of 6.93% year-on-year) by revenues, followed by HC360.com (14.8%, an increase of 6.9% year-on-year) and Cogobuy (11.6%). The top six players combined accounted for 63.35% of the total B2B e-commerce market in China.

When it comes to funding, B2B e-commerce market altogether raised 21.17 billion yuan (US$3.08 bn) from 77 fundings in H1 2018.

...

Already subscribed? Sign in.

Don't Miss Out.

Invest with as little as one bottle of water per week.

Join other top analysts and business executives and navigate the unique market with China Internet Watch.

View subscription options »

Cancel at any time

China’s B2B e-commerce exceeded US$3 trillion transaction in 2017

CIW Team — Tue, 17 Jul 2018 00:00:32 +0000

The transactions of B2B E-Commerce market in China reached 20.5 trillion yuan (US$3.07 trillion) in 2017, an increase of 22.75% year-on-year. The total revenues of B2B market in China reached US$5.24 billion, led by Alibaba and HC360.

B2B E-Commerce revenues went up by 34.6% year-on-year to 35 billion yuan (US$5.24 bn) in 2017.

Within this market, Alibaba took the largest share of 36.7%, followed by HC 360.com (10.5%) and GlobalSources.com (4.2%).

When it comes to B2B E-Commerce funding, there are altogether 146 fundings with a total of 21.72 billion yuan (US$3.25 bn).

Specifically, 45% of fundings raised between 10 and 50 million yuan, 26.4% of fundings raised between 100-1,000 million yuan. Fundings raised between 50-100 million accounted for 14.3% of the total.

There are 16 FMCG fundings, 15 auto fundings, and 13 agriculture fundings.

Related dossier: China E-Commerce...

Already subscribed? Sign in.

Don't Miss Out.

Invest with as little as one bottle of water per week.

Join other top analysts and business executives and navigate the unique market with China Internet Watch.

View subscription options »

Cancel at any time

China B2B e-commerce market overview 2017

CIW Team — Thu, 26 Oct 2017 00:00:41 +0000

E-commerce in China has assumed a more prominent role within the country's economy than is the norm in Western countries; it controls a much larger portion of consumer spending than in the United States or Europe and accounts for a larger portion of GDP. It has also entered into the B2B sector in force in recent years.
China B2B E-Commerce Market

In 2017, B2B e-commerce transactions are projected to reach a total of 17.5 trillion yuan (US$2.65 trillion) in value, growing 22.1% from 2016 and more than threefold in the past five years, since 2012.

While growth has slowed somewhat, signs point to continuing growth in the near-term, driven by increasing specialization and improved financing for online business purchases.

E-commerce players reported 258.3 billion yuan (US$39.2 billion) in operating revenue in 2016, with a 70.5% growth rate driven by strong growth in steel and chemical sector revenue.

In 2017, the sector is expected to reach 462.8 billion yuan (US$70.3...

Already subscribed? Sign in.

Don't Miss Out.

Invest with as little as one bottle of water per week.

Join other top analysts and business executives and navigate the unique market with China Internet Watch.

View subscription options »

Cancel at any time

China B2B E-Commerce Market 2014-2015

CIW Team — Thu, 14 Apr 2016 03:45:45 +0000

The total revenues of China B2B e-commerce market reached 6.39 billion yuan in Q4 2015, an increase of 7.9% QoQ according to Analysis.

Alibaba remains the dominant player in China’s B2B e-commerce market with close to 40% market share by revenues, followed by Global Sources (5.45%) and HC360 (3.92%).

Overseas new users increased rapidly on Alibaba.com in 2015, particularly in Europe, America, and the Middle East. Domestic merchants on 1688.com spent much time online and CXT users spent 47 hours on average in receiving their first orders in 2015 according to Alibaba. Alibaba is predicted to keep growth in sales and users in 2016.

Read more on China B2B Market Insights 2016

China B2B E-commerce Market in Q1 2015

CIW Team — Mon, 18 May 2015 00:30:25 +0000

China B2B e-commerce market reached RMB 5.48 billion (USD 883 million) in Q1 2015, an decrease of 1.6% QoQ according to Analysis International.

The first quarter of year normally sees slow growth in China B2B market considering the fiscal year cycle, enterprise purchase cycles, holidays and etc. In addition, China’s international trade market had some negative impact. The total value of China’s import and export trading was down by 6% QoQ in Q1 2015.

China’s international trading trade B2B platform completely enters a transaction era; and, the value of credit guarantee service entered the stage. Cross-channel collaborations have become new means for B2B e-commerce platforms to enhance the competitiveness.

Alibaba still dominates China’s B2B market by revenues with 44.13% market share, followed by HC360 (4.86%) and Global Sources (4.69%).

Also read: China Top 10 B2B Websites in Q4 2014

China Top 10 B2B Websites in Q4 2014

Cecilia — Mon, 16 Feb 2015 08:00:00 +0000

In Q4 2014, top 3 B2B websites by influence index were Alibaba, JQW.com and HC360.com with influence index of 92.435, 68.543 and 42.432 respectively. And the average influence index of top 10 B2B websites was 39.694 in Q4 2014 in China.

Since Alibaba’s IPO, it had been through rapid development in 2014 with its influence index – 92.435 which made it the top among B2B websites in China.

Ranked by user awareness, Alibaba got 64965.5 which remained top among B2B websites in Q4 2014 in China, followed by HC360.com and JQW.com.

By UVs in Q4 2014, Alibaba was far ahead with 28.94 million UVs, which was over twice as many as the second one – HC360.com. JQW.con had a significant increase in UVs in Q4 2014 in China.

Also read: China Small & Medium Enterprises in B2B E-commerce Market Overview

China B2B Market Overview for 2013

Sida — Fri, 21 Mar 2014 01:00:23 +0000

According to report released by EnfoDesk, China B2B market GMV reached 7.1 trillion Yuan (USD 1.16 trillion) in 2013, with a 19.7% YoY growth. The market revenue was 16.98 billion Yuan (USD 2.76 billion), increasing 25.1% compared to last year. EnfoDesk regarded 2013 as the first year of a new growth cycle of China B2B market.

Why China B2B market increased in 2013?

From a macro point of view: Firstly, the government’s encouragement and financial support secured a healthy development of B2B e-commerce. Secondly, although the international economy was in recovery, its influence was weaker than increasing domestic trade which favor B2B market. Lastly, the explosion of long tail market was coming and hitting B2B market.

From a micro point of view: More B2B enterprises used internet for marketing to expand influence. The mature of B2B business model and the demand of deepening service promoted the development and diversification of B2B enterprises. And the e-commerce safety certification system was improving, giving the market a confidence in B2B enterprises.

In 2013, enterprises were more creative. New business models, including operating model, profit model and service model, kept springing up and maturing. EnfoDesk believed that the whole market would maintain a stable growth as B2B vertical service deepens and operating model diversifies.

Alibaba, Global Sources and HC360 ranked Top 3 of China B2B enterprises with market share of 46.4%, 8.2% and 4.4% respectively, according to EnfoDesk. The market pattern was quite steady in 2013; the market share of 9 core B2B enterprises totaled 70.3%.

EnfoDesk said that the market share of comprehensive e-commerce platforms would decrease while B2B would focus more on difference between industries.

China B2B Market Update For Q3 2013

CIW Team — Mon, 28 Oct 2013 02:03:18 +0000

According to EnfoDesk, China B2B market scale in Q3 2013 reached 4.24 billion yuan (USD 692 million), with a QoQ increase of 7.8% and a YoY increase of 23.3%.

Alibaba, Global Sources and HC360 topped in China B2B platforms in Q3 2013. Alibaba led the B2B market with 46.6% share, and the top 9 enterprises occupied 69.2% of the total. Global Sources and HC 360 remained the second and third, but their market share decreased and gradually fell further behind Alibaba.

China B2B Market in 2012

Amanda — Tue, 19 Mar 2013 02:41:30 +0000

According to Enfodesk, Alibaba led the B2B market with the 47.9% market share, followed by Global Sources and HC360 ,with market share of 10.6% and 4.0% respectively.

Eofodesk held a view that China’s B2B market is now in times of change, and every enterprise is going through the transformation according to their advantages and features.