Internet in China: Taobao Transaction Volume Tripled in First Half of 2007

Taobao, the leader in Chinese C2C market, released a report on shopping at Taobao in the first half of 2007. Since Taobao has gained about 72% market share in first quarter of 2007, according to iResearch, Taobao’s report would help us to know the general picture of Chinese online shopping market.

According to the report, the C2C online shopping market in China has been gaining great momentum over the past six months. The report shows a lot of data to back up their claim. The transaction volume of Taobao for the past six months is RMB 15.7 billion, which has increased by nearly 200% comparing to the same period of 2006. Taobao has 39.9 million registered users by the end of June 2007, increasing over 80% comparing to the same period of last year.

Read Also:

This entry was posted in China, consumer behavior, economics, information technology, trends and tagged , , , , , , . Bookmark the permalink. Post a comment or leave a trackback: Trackback URL.

One Trackback

  1. [...] also owns auction site Taobao, which eclipses eBay in China,as well as the online payment service Alipay.The original offer price [...]

Post a Comment

Your email is never published nor shared. Required fields are marked *

*
*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>