Taobao Expects to Break Even This Year
Sina Tech, 9/11/09
Jonathan Lu, president of Chinese B2C and C2C e-commerce site Taobao, said today that revenues for 2009 are expected to be more than double last year's revenues of RMB 300-400 mln, breaking even for the first time. Lu said the company still has no concrete plan to list publicly, and is currently focusing on expanding the company's market, particularly into underdeveloped areas of Western China. Taobao's current workforce of 2,800 is expected to grow by an additional 5,000 to 6,000 over the next three years.
As of the end of June, Taobao had over 145 mln registered users, and total transaction value for H1 2009 reached RMB 80.9 bln.
Keywords: profit HR forecast Jonathan Lu 2009 e-commerce Taobao H1 2009 Internet B2C C2C registered users revenue statistics
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