Tencent, the Chinese internet conglomerate will be reportedly consolidating its chaotic and confusing online storefronts, finally.

Tencent’s Ecommerce Dilema

Tencent’s ecommerce efforts started in 2005 with the launch of Paipai – its alternative to Taobao – in September of that year, a move to combat Alibaba’s Taobao which ruled the Chinese C2C market at that time. Now after almost seven years, Taobao still topped the sector with a market share of over 90% while Paipai accounted for a far far behind 8.9% share.

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Ben Jiang

Listener of startups, writer on tech. Maker of things, dreamer by choice.