Taobao Users Up 40% in 1 Month

Alibaba is targeting annual transaction volume of RMB 200 billion in 2009, reports chinanews.com.cn quoting Jack Ma. Alibaba's consumer-focused e-commerce platform Taobao has recorded 120 million registered users and averages 460,000 new registered users per day, said the chairman. The platform had 85 million registered users and daily transaction volume of RMB 300 million by December 16.