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Alibaba's transaction volume in 2012 reaches 1 trln yuan

Xinhua)  08:08, December 04, 2012

Photo taken on Sep. 9, 2012 shows Jack Ma, chairman of the board of directors of the world's largest e-commerce group Alibaba, delivers a speech at the closing ceremony of the 9th Netrepreneur Summit in Hangzhou, capital of east China's Zhejiang Province. During a media briefing on Dec. 3, 2012, the Alibaba Group, which owns and its consumer-to-consumer (C2C) counterpart, announced that the transaction volume of the two platforms has reached one trillion RMB (about 161 billion U.S. dollars) by the end of November 2012, ranking after east China's Guangdong, Shandong, Jiangsu and Zhejiang Province in terms of social consumption goods retail volume as compared to the number of 2011.(Xinhua/Huang Zongzhi)

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