Taobao Posts

Dec 3, 2012

Dan Anderson

Alibaba Hits 1 Trillion RMB In Sales, Becomes Largest E-Commerce Company In The World

Alibaba has sold one trillion RMB worth of goods in 2012. That is the equivalent of $157 billion in gross merchandise volume (GMV). This means that Alibaba has surpassed U.S. e-commerce companies Amazon.com and eBay combined.

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Jan 6, 2011

Amit Chowdhry

About 50,000 Apple iTunes Accounts Stolen and Being Sold In China

Someone in China hacked into iTunes and was able to steal information about 50,000 accounts. The stolen credit card information was listed on Chinese auction website TaoBao.com. The buyers were promised temporary access to unlimited downloads for as low as 1 yuan at a time.
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