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Trading value on China's online business-to-business (B2B) market reached 888 million yuan in the first quarter this year, increasing 41.18 percent from the previous quarter, said Analysys International in a report.

The technology, media and telecom industry advisor added that Alibaba led the online B2B market in the quarter with a share of 69.23 percent, followed by Global Sources and HC360, which held market shares of 9.23 percent and 3.49 percent, respectively.

Analysys noted that foreign trade occupied a 70 percent share of China's total online B2B trade value in the period.