The Coming Death of Top Ten Chinese eCommerce
- August 19th, 2015
- in Digibytes - Insight on Curated China Digital News
News of Suning’s new $4.6B tie up with Alibaba ignores the fact that Suning’s own ecommerce platform is considered a top ten Chinese ecommerce site as far as volume and traffic, albeit with less than 5% market share, like all the others besides JD and Alibaba. Look for the latter to continue absorbing competition, while niche ecommerce platforms start seriously eroding the big two’s market share.
Excerpt: “Just one week following the strategic cooperation between Alibaba Group and Suning Commerce, we now welcome the launch of the official Laox store on Tmall Global in tandem with the Suning launch on Tmall.com,” said Jeff Zhang, president of China retail marketplaces of Alibaba Group.