Monday, February 20, 2006

Taobao Beats Ebay China in 2005 Transaction Volume


From Forbes:

"China online auction site Taobao.com, a branch of Alibaba.com, conducted transactions worth 9.7 bln yuan ($1.2 bln) last year, beating eBay China to become the country's leading online auction site, the China Daily reported.

The report cited a study from the China Internet Development Research Center (CIDRC), under the Chinese Academy of Social Sciences, as saying Taobao claimed 70 pct of China's customer-to-customer (C2C) market in terms of users last year, according to the report. "

Related:
eBayEachnet vs. Alibaba's Taobao.com - Latest Numbers
EBay China to Waive Transaction Fees amid Stiff Competition
eBay China to Provide Free Services for Cyber Shop Owners
China's C2C Market Size Doubled by Q3 2005; Taobao Likely to Surpass eBay in 2006