Today's Hard|Forum Post
Today's Hard|Forum Post

Saturday September 08, 2012

China's Alibaba to Pass Amazon, eBay in Transaction Value

We all know how big Amazon and eBay have become over the years, now try to imagine a company that is poised to top both combined companies in yearly sales. The company is Alibaba and could be located nowhere else but China to have such a huge yearly volume and potential for growth.

"From their annual reports we did a rough calculation and we were similar last year but we are growing faster than them this year, so this year we are probably larger than them," Zeng said of Amazon and eBay, America's top online retailer and auction site.