PPP Hype or something Real?, page-37

this bit is from /www.stockgumshoe.com- I also have doubt how NNW will grab the % of market of what they think they can "
......“Today, China’s mcommerce industry weighs in at a hefty $24.25 trillion.
“Most of that wealth is owned by just two digital commerce giants Tencent and Alibaba.
“Tencent (owner of Tenpay) commands 37% market share. While Alibaba (owner of Alipay) controls a staggering 55% market.
“Big numbers, no doubt.
“Still, the 8% market share up for grabs — about $1.94 trillion — is more than enough to turn the Everything App into China’s third force in mcommerce….
“The Everything App is already a dominate player in that 8% slice. But I believe they could grow their dominance even more….
“If the Everything App can grab another 1% of this 8% slice, that’s around $26 billion in transactions…and after a 3% commission, that’s an extra $780 million in sales.
“With only US$19 million in sales so far that translates into a 4,000% increase in revenue…”
OK, that leads us to some uninspiring math… how are they a “dominate” player if 1% of the market means $780 million in sales, and they currently have $19 million in sales? If 1% gets you $780 million, then $19 million means you’re getting 2/100ths of one percent of the market. That’s not “dominate” in my book… so the way I see it, either they’re not actually currently earning a 3% commission/fee on their current market position, or their revenues are trivial in comparison to the other players in the space. Or, perhaps, both.