Taobao: "$13.3 billion? With easiness!"

According to recent reports of Taobao, Alibaba's online consumer auction firm and the largest online retailer in Asia they expect this year a growth. So, they expect that this year volume of their transactions will surpass 100 billion yuan that is approximately $13.3 billion.

Taobao has good reason to think so as during these three months from the beginning of this year the volume of their transactions on the auction site hit 18.8 billion yuan that is 170% more than in was last year.

Such success can be explained by the RMB appreciation and a great number of enterprises that decided to develop their business on the Internet. So, about 10,000 brand-named enterprises have opened online outlets at Taobao including P&G, Motorola, and the Lenovo.

As for Alibaba, it also saw a progress that has resulted in share rise 122% on its trading debut in Hong Kong last November.

Aynny, reporter of Ecommerce Journal