China’s Camel gallops away with huge sales on Taobao

Taobao, a Chinese equivalent of eBay, traditionally celebrates Nov. 11 with a huge sales campaign. The results were massive: Taobao reports that the sales generated by all the retailers hosted on its internet portal that participated in the campaign were as high as 15.9 billion yuan renminbi (€1.9bn-$2.6bn). This corresponds ...

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