Taobao, Alipay sales rose to 100 mln more than the anticipated

February 23, 2010: Alibaba Group's e-commerce marketplace Taobao.com set sales records and prove they have the experience and grounding to expand beyond China's borders

 

Taobao.com, a de-facto shopping site in China became most favourite marketplace when shoppers all over China rushed to the website for the Lunar New Year (LNY) vacations shopping. US$249 million in sales was recorded which is around US$100 million more than the sales forecast.

 

In China sharing gifts come to peak near the lunar new year holidays. This year shoppers were too eager to send gifts online as some Taobao’s shops stopped offering products due to the flood of demand.

 

Related news about Taobao.com

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• China's Taobao transactions rise 97 pct in H1 2009
• Alibaba Group to display Koubei.com ads on Taobao.com