【Taobao Overseas GMV surpasses 20 billion USD this year】According to Jinshi Data on December 9, Taobao Overseas, the overseas business under Alibaba International, has surpassed 20 billion USD in GMV this year, achieving double-digit growth year-on-year. Taobao Overseas is the overseas version of the Taobao app, primarily targeting overseas Chinese consumers. With a scale that exceeds Temu's total for last year and is comparable to TikTok's last year, Taobao Overseas appears relatively low-key compared to the attention garnered by the 'four little dragons' of overseas expansion. Tracing its historical context, Taobao Overseas has been in operation for over 10 years, having been established only a few years later than the established cross-border player Shein. (36Kr) (Source: Jinshi Data)