Online bussiness in China
Today I want to talk about online bussiness.
There are many websites and apps for shopping in China. like Taobao, JD, Amazon China, Wechat and other maybe news apps or a personal blog.
Online bussiness can be devided to tree categories:
1. C2C, 2. B2C, 3. B2B
We are mainly talk about B2C, the typical B2C companies are Tmall and JD, they are the biggest online shops in China, they owned about 8 billon and 2 billon users respectively.
The two company, maybe we cal call them "platform", every year's turnover have reached few trillion YUAN. That sounds really horrible, and they also bring a lot of work station for million people.
I've take some data from those company in the whole 2016:
1. Taobao (include Tmall.com and Taobao.com), maked about 8 trillion GMV (Gross Merchandise Value)
2. JD maked about 6541 billion GMV
In 2016 double-eleven day taobao's turnover up to 150 billion us dollars, it has exceeded the retail sales in Hongkong for one year.
However, there are a lot of pepople and investors think that JD have more promising, because JD has more better exprience than Taobao.
Maybe next year , JD‘s turnover will surpass taobao.