China’s Alibaba to pass Amazon, eBay in transaction value

The Chinese giant is aiming for USD 475 billion in yearly transaction value within the next 5 to 7 years. This year, it will reach roughly USD 180 billion and its cash-cow, the Taobao-site is growing faster than Amazon and eBay combined.

Full story: China’s Alibaba to pass Amazon, eBay in transaction value: executive | Reuters.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s