Report: Tencent, Baidu hold oligopolies in China's Internet market

16:51, February 18, 2011      

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Baidu, Tencent and Alibaba are the leading oligopolies in China's Internet market, according to a report issued by Chinalab.com, one of China's major high-tech think-tanks on Feb. 17.

According to the report, at the third quarter of 2010, Baidu, the largest search engine in China, took up 72.3 percent share in the search market.

Tencent, one of China's largest Internet integrated services provider, which was renowned for its instant messaging product QQ, occupied 76.56 percent market share in the instant messaging field.

Another e-business tycoon Alibaba also held more than 50 percent in related markets.

According to the report's analysis, the three companies all dominated in their respective areas. It described them as holding a "stable oligopoly" position.

"The Internet market in China has entered the monopolistic competition stage," said Fang Xingdong, the board chairman of Chinalab.com.

Fang said it is quite serious and urgent for the government to look at how to formulate new rules to prevent abuse of dominant position of monopoly enterprises. He said he hopes that this report can have an impact on society.

By Li Mu, People's Daily Online
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