Taobao.com (81.5%), Dangdang.com (16.6%) , Joyo.com (13.6%) are by far the largest market shareholders in China C2C marketplace. The findings was revealed by China Internet Network Information Center (CNNIC) recent survey, which covered 19 key cities in China for the first six months of 2008.
CNNIC conceived that Taobao.com was still taking the lead in the market and would not be replaced by its competitors in a short time.
On the whole, the user penetration rate of Taobao.com was higher than that of the website ranking the second by nearly 65%. Taobao.com has formed certain scale effect and it is very difficulty for its first place ranking to be surpassed by another website in a short time.
At the five-year anniverary ceremony, Alibaba (1688) group’s Chairman and Non-Executive Director Jack Ma stated that the China internet company had planned to invest RMB 2 billion in the next five year.
The huge amount is the third and largest investment from Alibaba (1688) since the establishment of Taobao.com, far exceeding the 1.45 billion yuan it received from its parent starting from 2003.
Taobao.com is currently the nation’s dominant online retailer with 67 million registered accounts. About 10 million customers visit Taobao daily.
In the meantime, Joyo.com is picking up its speed and has reached the top ranking in B2C marketplace. Joyo.com was owned by Amazon.com
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