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Turnover of Tmall.com and Taobao.com, two major Chinese online shopping platforms, surpassed 1 trillion yuan. (Photo/China Daily) |
Apart from solid growth in revenues from major cities, consumers in the third- and fourth-tier cities are driving growth.
Revenues from 28 major cities nationwide jumped less than 40 percent year on year during the Jan.-Nov. period, while those from the third- and fourth-tier cities grew more than 60 percent, according to Alibaba.
Zeng Ming, chief strategic officer of Alibaba Group, said during the early period of Taobao, major cities contributed to most of the revenues, but now smaller cities are contributing a bigger share.