According to a report issued by the China Internet Development Research Center (CIDRC), under the Chinese Academy of Social Sciences, China’s online p2p/c2c market tripled its size to roughly 1.7 billion US$ in 2005, as compared to 2004. [Note: online search for the CIDRC doesn’t reveal a website in Chinese or English, only a few references to 中国互联网发展研究中心 in other Chinese articles].
Taobao is the top online auction site by far, with 70% of the market. Taobao is owned by Alibaba, which is partly owned by Yahoo…so Yahoo is beating eBay in this particular proxy war.