SME B2B e-commerce market totaled 23.6 billion yuan in 2016, representing close to half of total e-commerce market in China. Alibaba has close to 50% market share in 2016.

SME B2B e-commerce market is estimated to reach 37.1 billion yuan while the overall e-commerce market will reach 32.7 billion yuan in 2019.

Also read: China Online Shopping Market 2016 and Forecast 2017-2019

Weibo’s Monthly active users (“MAUs”) grew 34% year over year to 297 million in September 2016, 89% of which were mobile users.

Average daily active users (“DAUs”) on Weibo in September 2016 grew 32% year over year to 132 million.

Weibo reported net revenues of $176.9 million in Q3 2016, an increase of 42% YoY; and, advertising and marketing revenue increased 48% year over year to $156.7 million. Advertising and marketing revenue from key accounts and small & medium-sized enterprises (SME) was $147.4 million.

Net income attributable to Weibo increased 122% YoY to $32.1 million, and diluted net income per share was $0.14, compared to $0.07 for the same period last year.

Also read: Lessons from Stephen Hawking’s 1 Mn Weibo Fans in 5 Hrs

Paypal released its report on China SME cross-border e-commerce export, and it showed that China had become the third cross-border online shopping destination, right after the U.S. and the UK. But it also found that 63% China SME didn’t optimize their websites for mobile devices as mobile shopping grew more and more popular. This might lead to the growing bounce rate when consumers browsing websites via mobile devices.

26% interviewers said they preferred Chinese shopping sites, making China rank the third. Hong Kong ranked the fourth, with 25% favoring.

Cross-border mobile online shopping has become the trend as smartphone and tablet grew popular. 76% consumers from the U.S., the UK, Germany, Australia and Brazil expressed their willingness to use mobile to finish online shopping. Mobile friendly webpage became the top reason for consumers when choosing an online shop. Paypal’s research showed that 63% China SME didn’t optimize their websites accordingly. Some enterprises didn’t realize this problem yet, while others were too busy fixing their logistics and cross-border marketing to solve this problem.

Besides, Rohan Mahadevan, Vice President of Paypal Asia Pacific, announced on September 5 2013, that Paypal would offer compensate for qualified sellers (non-digital products ) in Asia Pacific. When buyers apply for compensate, purchase order cancellation and chargeback because of unauthorized payment and not receiving product, Alipay would fully compensate for the losses.

China SME B2B total revenue is 4.96 billion CNY in Q2 2013, which has a year-on-year growth of 19.2% and QoQ increase of 7.4% according to data from iResearch. Compared to Q1, the year-on-year growth in Q2 slowed down, but QoQ growth goes up a little.

Due to international market sluggish, China SME B2B growth slowed down. However, domestic demand was positive in Q2 which provided good opportunities for SME.

Statistics show that China SME market share by revenue situation hasn’t changed too much, with top 8 enterprises occupying 63.9% market share. Alibaba kept the lead with 42.9% in Q2, 1.2% higher than Q1 2013. Global Sources jumped to 7.5% and DHgate up slightly in Q2 this year.

Alibaba’s growth in market share is likely due to its increased number of members and the new P4P (pay for performance) model in its international version of website.