The Digital Source For China's Tech Innovation Since 2000

Search
Close

Jack Ma: Taobao.com Has 75% Of Chinese Online Shopping

April 26, 2006
Internet

Jack Ma, CEO of Alibaba.com, the parent company of online auction site Taobao.com, has told local media that Taobao.com has already taken 75% of the online auction market share in China and has left eBay Eachnet far behind.

According to Jack Ma, Taobao.com has 26 million goods online and its web pages are browsed 110 million times each month.

Jack Ma aims to make the online transaction volume of Taobao.com reach US$450 million in each quarter this year, and the total transaction volume of the whole year will increase to US$1.8 billion from the previous year's US$1 billion. At the same time, he estimates that the total registered users of Taobao.com will exceed that of eBay Eachet in June this year.

Three years ago Ma promised that Taobao.com will start charging fees from May this year, and he now confirms that this will be initiated by the end of 2006. He has not disclosed what type of fees will be charged.

However, Ma adds that unlike eBay Eachnet, Taobao.com will not charge a transaction fee for each good sold because he thinks this type of pricing model is unfair to users.

Tags: Alibaba | auction | CEO | charging | China | Chinese | Eachnet | eBay | eBay Eachnet | fee | Jack Ma | market share | media | online | online auction | online shopping | pricing | share | shopping | social media | Taobao | Taobao.com | Three | Total | Web

Other Related News:

Donald Trump’s Truth Social app tops download chart, though thousands face glitches

February 22, 2022

China Netcom Starts Root Domain Server Mirroring

December 21, 2006

Chinese Government Departments Asked To Adjust Work Time For A H1N1 Flu Prevention

September 14, 2009

Shanda Pushes Games Overseas

June 11, 2007

China introduces digital Yuan in real estate sector

April 1, 2022

Hong Kong to have its first Superyacht Management Services Center

March 23, 2019

Tesla Gained CNY9 Billion Loan From Chinese Banks

December 27, 2019

Enjoy Media Expands Electronic Advertising Business With LangHui Acquisition

November 9, 2005

A closer look at Pony.ai, the Chinese self-driving startup quietly building an international presence

November 2, 2021
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
Menu
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2022 ChinaTechNews.com. A Service of Asia Media Network.
Twitter
Posting....