Alibaba's Jack Ma: I Won't Die Until Taobao Tops RMB10 Trillion

Alibaba Group CEO Jack Ma has put his team in charge of bringing annual transaction volume on Alibaba's consumer-to-consumer (C2C) site Taobao.com to over RMB10 trillion before he dies, reports qq.com. In the next ten years, Ma is dreaming of Taobao transaction volumes surpassing that of Wal-Mart Global's RMB3.5 trillion total, said the report. This year, Ma is targeting annual transaction volume of RMB100 billion for Taobao. Taobao transaction volume increased 156.3 percent year-on-year to reach RMB43.3 billion in 2007