TMall, Taobao Jan-Nov Transaction Volume Hits RMB 1 Trln
Sina Tech, 12/03/12
Chinese e-commerce conglomerate Alibaba Group has announced that as of 9:50 PM on November 30, 2012, combined total transaction volume of its online shopping sites Taobao and TMall for the first 11 months of 2012 had exceeded RMB 1 trln.
Alibaba revealed that third-tier and fourth-tier cities accounted for more than 60% of growth, while traditional markets in first- and second-tier cities accounted for less than 40% of growth. Growth in third- and fourth-tier cities was mainly attributed to China's focus on expanding domestic demand by increasing consumer spending power in those areas.
Keywords: B2C e-commerce Taobao Internet transaction volume TMall online shopping C2C
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