BIZCHINA> Center
![]() |
Taobao transactions to surpass 100b yuan in 2008
(Xinhua)
Updated: 2008-04-11 09:38 Taobao, Alibaba's online consumer auction firm and the largest online retailer in Asia, is expected to see its transaction volume surpass 100 billion yuan ($13.3 billion) this year, according to a report it issued on Thursday.
"If the same pace is kept up, the yearly transaction volume will surpass 100 billion yuan." Experts attribute the sharp increase to complex reasons including the RMB appreciation and the wave of more enterprises choosing Internet as their trade platforms. Nearly 10,000 brand-named enterprises have opened online outlets at Taobao including P&G, Motorola, and the Lenovo. Alibaba, founded in 1999 by Jack Ma in the country's eastern Hangzhou city, saw its share rise 122 percent on its trading debut in Hong Kong last November. It dominates the business-to-business section in China, and its unlisted consumer subsidiary includes Taobao, as well as online payments unit Alipay and Yahoo! China. (For more biz stories, please visit Industries)
|
主站蜘蛛池模板: 布拖县| 武义县| 新疆| 洞口县| 通州区| 安远县| 望江县| 乌审旗| 丰原市| 千阳县| 耒阳市| 康乐县| 繁峙县| 麻栗坡县| 石门县| 舞阳县| 东山县| 华池县| 五家渠市| 兴隆县| 东乌珠穆沁旗| 阳新县| 梨树县| 赣州市| 宣城市| 昔阳县| 吉木乃县| 房山区| 得荣县| 津南区| 伊宁县| 高淳县| 泸州市| 长乐市| 雅江县| 呼伦贝尔市| 平阳县| 左贡县| 长顺县| 若尔盖县| 含山县|