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(Image from article: "Alibaba Targets Growth in Taobao")

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Alibaba Targets Growth in Taobao

Chinese e-commerce giant Alibaba Group Holding Ltd. is aiming to handle one trillion yuan ($157 billion) of transactions in 2012 on its Taobao consumer sales platforms, the company's Chairman Jack Ma said Saturday.

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Alibaba Restructures Taobao Unit

Alibaba Group announced a major restructuring of its key Taobao unit, splitting the popular Chinese e-commerce platform into three separate companies focused on different market segments.

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