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Turnover at and tops 1 trillion yuan


08:36, December 04, 2012

Turnover of and, two major Chinese online shopping platforms, surpassed 1 trillion yuan. (Photo/Xinhua)

HANGZHOU, Dec. 3 (Xinhua) -- Turnover of and, two major Chinese online shopping platforms, surpassed 1 trillion yuan (160.5 billion U.S. dollars) as of Nov. 30, according to e-commerce platform provider Alibaba Group on Monday.

Turnover of Tmall and Taobao during the first 11 months this year equals to 5.4 percent of China's total retail sales in 2011, which stood at 18.4 trillion yuan, according to Alibaba.

Company statistics show that people between the ages of 25 to 35, who are major customers of Tmall and Taobao, contributed to 59 percent of total turnover.

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