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Telecommunications, Media and Technology

Taobao.com takings more than Carefour and Wal-Mart combined
By STAFF EDITOR
Published: January 23, 2008 12:00 PM
Taobao.com, which has a 70% share of China’s online shopping business, more than doubled throughput to US$5.98 billion (RMB43.3 billion) last year, fuelled by a swelling online population and rising disposable incomes, the Shanghai Business Journal reported. The company posted 156% growth in customer-to-customer revenues last year, higher than ...
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