Retail in Asia

In Trends

Taobao making 48,000 sales per minute

Taobao, which operates the China’s largest internet retail portal, sold an average 48,000 items per minute last year as more consumers in inland provinces shopped online.

The Hangzhou company, which counts more than 370 million users and hosts about 3.65 million online stores, said its average number of transactions per user grew 35 percent on the year. Of the 48,000 items sold every minute last year, 864 pieces were clothing, 880 cosmetic products,  85 books, 53 diapers, 36 mobile  telephones and 13 light fixtures.

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(Source: scmp.com)