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.
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