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.