Thursday, July 21, 2005

TaoBao's Q2 Transaction Volume Tops 200 Mln Usd

From Forbes: China's TaoBao.com Q2 transaction volume tops 200 mln usd

"China's TaoBao.com, which runs an online consumer-to-consumer marketplace, said in a statement that its second quarter transaction volume reached 200 mln usd in gross merchandise volume.

Taobao's product listings reached 8.5 mln by the end of the second quarter and currently stand at 8.8 mln, according to the statement.

The firm said it had 7.2 mln registered users by the end of the second quarter. That number has since grown to 7.6 mln registered users.

Taobao.com is a division of China's e-commerce giant Alibaba.com. Taobao and eBay Inc have been engaged in a high-profile fight for control of China's online auction market."

Read more:
eBay's Whitman Concentrates on China this Summer
PayPal China Country Head Jeff Liao Not Worried about Competitor Alipay
The Taobao Offensive
eBay Targets China as its Biggest Market Within a Decade
Putting a value on China's Alibaba
Ebay Aims to Conquer China but Homegrown Rival Taobao Tries to Repel the Invasion

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