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Even Yahoo! can’t screw this up:- So a hardly successful Dangdang, which our own China master Tim Hanson calls an also-ran, trades at more than 300 times EBITDA. If we apply a similar evaluation to Taobao the quickly growing leader in the fastest-growing Internet market in the world, in which just about a third of the population is online today you begin to see just how much this company might be worth.
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