Taobao sets new sales record during the first month of the year

Last week JLMPacificEpoch announced that Taobao, the C2C divison of China’s business-to-business platform Alibaba, exceeded RMB 300 million (USD 44 million) in average daily holiday sales.

Chongqing Morning Post reported that between Jan 10 and Jan 30 (including the one-week Chinese New Year holiday) the daily transaction volume peaked at RMB 460 million. In the past year Taobao generated a turnover of RMB 99.96 billion.

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