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Alibaba's Jack Ma: I Won't Die Until Taobao Tops RMB10 Trillion
Alibaba, C2C, Internet, Jack Ma, Taobao, Wal-Mart, e-commerce, retail
Posted by: Megan Ko on Mar 17, 2008 | 18:03
Editorial Summary
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.
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