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| Saturday, August 30, 2008 05:58:58 |
Taobao.com takings more than Carefour and Wal-Mart combined
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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