Taobao Dominates Chinese Online Payment Market

Alibaba’s customer-to-customer site Taobao has recently dominated the individual online user transaction market in China, with almost 80% of market share. With more and more Chinese Internet users making their ways in utilizing online shopping, we are seeing higher online transaction volumes each day on Taobao.

In December 2006, the daily spend of Chinese consumers on Taobao has skyrocketed past 90 million yuan. During the 3 days of the New Year public holidays, this figure went past 100 million yuan per day.

This is a serious alarming signal to Taobao’s closest competitor eBay China (Eachnet), which has been struggled for years in China and have recently joined forces with both Baidu and TOM Online.

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