CHINA: Taobao Records 156% Sales Jump

Alibaba.com has claimed that its Taobao website’s users sold 43.3bn yuan ($5.98bn) of merchandise last year, outpacing Carrefour’s revenue in China. Sales from Taobao's Web site surged 156% year-on-year. The number of people who bought and sold goods on Taobao's site rose to 53 million from 30 million. The average user spent 817 yuan, up 45% year-on-yeare.