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China had 457 million netizens by the end of 2010, up 73 million from a year earlier. The number of broadband users increased by 104 million to 450 million in 2010.
The value of China's e-commerce transactions grew 22% to ¥4.5 trillion in 2010, where the value of B2B transactions was up 15.8% to ¥3.8 trillion, and online retail sales were up 97.3% to ¥513.1 billion, which accounted for 3% of total retail sales.
Dominant players in China's Internet space:
- Baidu.com, China's most used search engine, controls over 70% of search market;
- Alibaba,com is the operator of China's top C2C site Taobao.com that recorded ¥400 billion of transactions in 2010, and Alipay, China's most used third party payment service that had 550 million accounts by the end of 2010;
- Tencent, provider of China's most used instant messaging service QQ that had over 700 million accounts by the end of 2010.
- Sina.com.cn is an aggregate portal that is currently focuses on its Weibo microblogging service after it drew over 200 million users in less than two years;
- Youku.com and Tudou.com are China's video hosting duopoly that are responsible for a combined 40% share of video ad revenues;
- Qihoo 360 is China's most used antivirus software developer that had over 400 million users by June 2011.
China's mobile Internet users grew by 69 million to 303 million in number in 2010, with 90.8% of them using the mobile Internet service to read news, 47.9% for chatting and 46.9% for search.
China's major Internet companies are listed in either Hong Kong or New York:
- Baidu Inc (NASDAQ: BIDU), based in Beijing
- Tencent Holdings Ltd (HKG: 0700), based in Shenzhen, Guangdong
- Alibaba.com (HKG: 1688), based in Hangzhou, Zhejiang
- Sina Corp (NASDAQ: SINA), based in Shanghai
- Youku.com Inc (NASDAQ: YOKU), based in Beijing
- Tudou Holdings Ltd (NASDAQ: TUDO), based in Shanghai
- Qihoo 360 Technology Co (NYSE: QIHU), based in Beijing
@2011 China Economy @ The China Perspective.
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