Foreign news in brief


  • Business
  • Wednesday, 05 Nov 2008

BEIJING: The parent of China’s top e-commerce firm Alibaba.com said half its revenues will come from domestic China traders in three years, up from 36% now, as internal trading patterns grow faster than exports.

Alibaba.com operates an online site connecting buyers and suppliers looking to import and export Chinese goods, but US and European consumers are being hit hard by the global financial crisis, leading to faster growth in domestic trade.

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