Taobao.com has cornered a RMB2 bn investment from China’s number one e-commerce firm Alibaba Group.
The group said in a statement that the aim of the investment is to
assist Taobao.com in building an advanced online C2C business chain,
which they expect will outdo Ebay.com and Amazon.com in five years in
trading capacity.
Taobao.com currently boasts 67 million registered
customers and 10 million clicks per day.
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