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Taobao Sales during Golden Week Reached 8 Billion RMB

by Rocky Fu on October 10, 2009

in Online Shopping

Taobao Sales by Region

Taobao Sales by Region

China’s Golden Week (China’s National Day) online shopping market in China was heating up again. According to Taobao data, for the two weeks’ period including the National Day Golden Week, Taobao turnover reached nearly 8.0 billion yuan (or USD 1.17 billion), 120% increase compared with the same period in 2008.

The National Day period, Taobao average daily net purchase transactions in excess of Shanghai, 80 million total transaction volume of goods is also the country’s total holiday retail sales to 1.4%. online shopping has become a “holiday new economy” the main force.

During the National Day week, daily sales on Taobao was close to 500 million yuan. It was higher than Shanghai daily retail total sales of 415 million yuan.

Source: iResearch

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