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Taobao hits USD 249 million in trading volume during Spring Festival Monday 22 February 2010 | 10:10 AM CET

China's online auction and retail site Taobao.com reached USD 249 million (CNY 1.7 billion) during the Chinese Spring Festival holiday (February 13-19), according to JLM Pacific Epoch.

According to Alibaba Group chairman Jack Ma, China's online auction and retail site Taobao.com may register transactions worth over USD 58.57 billion (CNY 400 billion) in 2010, according to JLM Pacific citing eNet.com.cn.
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