
Breakdown of online transaction value of e-commerce in China 2020, by platform
In 2020, Tmall had a 32 percent share of the Chinese e-commerce gross merchandise value. In the social commerce segment, Pingduoduo was the leading platform, accounting for 16 percent of GMV. Although traditional e-commerce still represents the majority of e-commerce business, social commerce was able to make up significant ground in the past years.