luni, 19 septembrie 2011

Alibaba's Taobao Mall targets 200 bln yuan in trans. vol in 2012

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BEIJING, Sept 19 | Mon Sep 19, 2011 2:32am EDT

In June Alibaba Group split its e-commerce website Taobao into three companies, namely its product search engine eTao, business-to-consumer website Taobao Mall and consumer-to-consumer website Taobao.com.

Yahoo owns about 40 percent of Alibaba Group, while Softbank owns about a third. Alibaba.com is the group's listed business-to-business unit. China's B2C segment is the fastest growing niche in the country's booming e-commerce industry. ($1 = 6.383 Chinese Yuan) (Reporting by Xu Wan; Writing by Melanie Lee)


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