Alibaba has become China's most valuable e-commerce company, with its market value hitting 4.1 trillion yuan ($585.1 billion) by June 30, according to ranking agency Hurun's latest report released on July 10.
Domestic retail sales by Alibaba, JD and Pinduoduo reached 6.6 trillion yuan, 2 trillion yuan and 1 trillion yuan, respectively, with the three online shopping platforms' total retail sales accounting for 90 percent of China's online retail sales, and 22 percent of China's total retail sales of consumer goods last year, Hurun's report said.
Let's see the top 10 most valuable e-commerce companies.
No 10 Missfresh Valuation: 21 billion yuan
A Missfresh storage facility. [Photo screens from missfresh.cn]
No 9 CARS Valuation: 60 billion yuan
Employees overhaul a used car at a workshop of Guazi, a branch of China's largest used car dealer CARS. [Photo from Guazi's Weibo]
No 8 Suning.com Market value: 82 billion yuan
Attendees visit a stand of Suning.com Co during CES Asia in Shanghai on June 14, 2018. [Photo provided to China Daily]
No 7 Vipshop Market value: 95 billion yuan
An app from Chinese discount online retailer Vipshop on a mobile phone. [Photo provided to chinadaily.com.cn]
No 6 Ctrip Market value: 109 billion yuan
A Ctrip store. [Photo/Sipa]
No 5 Didi Chuxing Valuation: 360 billion yuan
Didi Chuxing launches an unmanned car at the 2019 World Artificial Intelligence Conference on August 2019 in Shanghai. [Photo/Sipa]
No 4 Pinduoduo Market value: 728 billion yuan
People are seen at their desks at the headquarters of Chinese online group discounter Pinduoduo in Shanghai on July 25, 2018. [Photo/Agencies]
No 3 JD Market value: 749 billion yuan
A JD.com sign is seen at the World Internet Conference in Wuzhen, Zhejiang province on Oct 20, 2019. [Photo/Agencies]
No 2 Meituan Dianping Market value: 919 billion yuan
A deliveryman for Meituan Dianping, the country's largest on-demand service platform, delivers food in Beijing. [Photo provided to chinadaily.com.cn]
