Comment on China’s M-commerce Turnover Rockets 378% YOY to 254B Yuan in H1 2014 by Tencent and Baidu Team Up with Wanda to Challenge Dominance of Alibaba in Chinese E-commerce Industry | TechNode

['Emma Lee', 'More Emma Lee', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2014-08-26 00:00:00

According to report released by China e-Business Research Center, Chinese e-commerce volume sales increased by 43.9% YOY from 754.2 billion yuan (around US$123 billion) in H1 2013 to 1.08 trillion yuan in H1 2014. According to the report, China’s sales volume of m-commerce industry surged by 378% YOY from 53.2 billion yuan in H1 2013 to 254.2 billion yuan in the first half of this year. The annual turnover for 2014 is expected to hit 632.4 billion yuan. Market Share of Chinese E-commerce Companies (2014 H1)The 2014 H1 revenues for some of these companies are JD 107.1 billion yuan, VIP.com 9.41 billion yuan, Suning.com 8.28 billion yuan (exclude open platform and virtual products), Dangdang 6.15 billion yuan, Tencent e-commerce sites 3.84 billion yuan, and Jumei’s sales 3.44 billion yuan. China’s e-commerce users climbed 26.4% YOY from 277 million to 350 million in the first half of this year.