As the internet has become more and more a part of our life, in China, so too have our furry friends.

According to the data released by the National Bureau of Statistics, China has become the world’s third largest pet market. The country’s pet owners spent RMB 130 billion on animals last year, up 21.4% year on year (in Chinese).

Riding the internet wave, pet firms are flexing their muscle in eight sub-segments, including pet-related e-commerce, social networking, foster care, veterinary medicine, pet travel, and pet trading. In the pet e-commerce arena, Boqii (波奇) and E-pet (E宠) remain the top two players, while Mr.Bear (宠宠熊) has been striving to catch up.

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Sheila Yu

Sheila Yu is a Shanghai-based technology writer. She brings readers the biggest news from Chinese language tech media. Reach her at sheila@technode.com.