Alibaba has become China's most valuable e-commerce company, with its market value hitting 4.1 trillion yuan ($585.1 billion) by June 30, according to ranking agency Hurun's latest report released on July 10.

Domestic retail sales by Alibaba, JD and Pinduoduo reached 6.6 trillion yuan, 2 trillion yuan and 1 trillion yuan, respectively, with the three online shopping platforms' total retail sales accounting for 90 percent of China's online retail sales, and 22 percent of China's total retail sales of consumer goods last year, Hurun's report said.

Let's see the top 10 most valuable e-commerce companies.