News this week: Hangzhou-based e-commerce giant, the Alibaba
Group announced that its consumer-focused platform, Taobao, has surpassed 1.2
million registered users in Hong Kong as of September this year. The closely
followed the announcement in June this year after Taobao Hong Kong broke
through the one million mark.
Taobao’s management stated that its next priority is to
improve users’ shopping experience by further streamlining logistics and
offering additional payment methods. Taobao recently partnered with 7-Eleven in
Hong Kong to offer electronic vouchers at more than 920 stores across the city.
Earlier this month, Alibaba announced that Taobao.com and Tmall.com achieved 1 trillion yuan (US$160 billion)
in gross merchandise volume (GMV) as of the end of November. In 2011, the
company’s GMV totalled 632.1 billion yuan (US$101 billion).
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