Chinese e-commerce site Taobao.com has nearly tripled transaction volume in the first half to 15.7 billion yuan (US$2 billion), as people get more used to shopping online with improved payment systems, it said yesterday.
The site, which has beaten eBay Inc in the market over the past four years, also expanded its market share to 72.2 percent in the first quarter from last year's 65 percent, gaining a bigger lead over rivals, according to figures released yesterday by Shanghai-based IT consultancy iResearch.
Source: Xinhuanet
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