China's C2C Market Reached RMB 5.39 Billion in Q1 2006

From Analysys International:

"Analysys International, a leading Internet based provider of business information about technology, media and telecom (TMT) industries in China, says in its recently released
report ''China C2C Market Quarterly Tracker Q1 2006'', that China's customer-to- customer (C2C) e-commerce trading value reached RMB 5.39 billion ($ 674 million) in the first quarter of 2006. Total transaction volume reached 24.52 million commodities.

According to the report, Taobao.com's trading value was RMB 3.08 billion in the first quarter of 2006, accounting for 57% of the total C2C market in China; eBay China's transaction value was RMB 1.51 billion, accounting for 28% of the total market; Paipai.com's trading value also grew rapidly and occupied a market share of 14%. In the first quarter of 2006, 1Pai.com.cn quit the market."