Online Market Flourishes in China - NYTimes.com - http://www.nytimes.com/2009...
Aug 10, 2009
from
Bret Taylor,
Dan Hsiao,
MG Siegler,
Franc, a rememberer,
Justin Arnold,
Cass,
Anne Bouey,
Craig Deakin,
Richard Chen,
Felicia Yue,
Simon,
Michael Muller,
[email protected],
Barak B,
and
Mac Sharp
liked this
"Though just six years old, Taobao — which means “to search for treasure” in Chinese — already has 120 million registered users and 300 million product listings, and generated nearly $15 billion in sales last year. The company says that sales through its Web site are already larger than those of any Chinese retailer. And this year, analysts say, its online sales will double, surpassing the expected $19 billion in sales by Amazon.com."
- Casey Muller
Egads: "“I work in an O.E.M. factory that produces laptops and electronic devices for Sony,” said a seller who called himself Mr. Feng, referring to an original equipment manufacturer, which produces for global companies. “We have Sony’s core technology and exactly the same raw materials and components, so we set up our own store selling netbooks and laptops on Taobao.”"
- Richard Chen
yeah - that's quite a statement!
- Robin Barooah
I love how they're so matter-of-fact about knockoffs. Just run the production lines a little longer and produce extra units, slap on different label, and done.
- Ray Cromwell
seriously - what did people think was going to happen?
- Robin Barooah