Saturday, 17 December 2011

Financials

In 2009 Taobao saw announcement revenues of $220 million. Announcement accounts for a majority of Taobao's income. Analysts accept Taobao's about-face exceeded 400 billion RMB in 2010 and revenues surpassed 5 billion RMB.16

In January 2010, Alibaba Group said it expects gross commodity aggregate on Taobao to bifold from 200 billion Chinese yuan in 2009 to 400 billion Chinese yuan in 2010, as China’s e-commerce bazaar is accepted to abound decidedly in the abutting bristles to eight years.17

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