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E-House (China) Holdings Limited Message Board

  • blackboxfund blackboxfund Mar 20, 2013 8:53 AM Flag

    Maybe some will shop on the E-House websites ?

    Reuters) - Jack Ma, the chairman of China's largest e-commerce firm Alibaba Group, expects 30 percent of China's total retail sales to be conducted online in the next five years, Ma told a conference on Wednesday.

    Ma, who founded Alibaba in 1999 and has since become one of China's best-known corporate names, said his forecast was based on "conservative" estimates. He said the next five years would be the "golden" period for e-commerce in China.

    Ma was speaking at the Credit Suisse Asian Investment Conference in Hong Kong.

 
EJ
10.44-0.55(-5.00%)Apr 17 4:00 PMEDT

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