While PaiPai's growth rate is the swiftest in the sector, the competition is stiff. Taobao and eBay together account for 80% of the market, which was worth 8.774 billion yuan in the third quarter of 2005, twice its value in the entirety of 2004.
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| Thursday, September 04, 2008 21:10:34 |
Tecent Formally Launches PaiPai
While PaiPai's growth rate is the swiftest in the sector, the competition is stiff. Taobao and eBay together account for 80% of the market, which was worth 8.774 billion yuan in the third quarter of 2005, twice its value in the entirety of 2004.
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