I too have the same problem.
It seems stuck on 99%. It is still backing up files and has been doing so for past eight hours but the message says 99% complete throughout that time.
I have a test site set up on ww.wp.xz.cn and the same problem happened when I tried to back that up. It stalled at 99%
Can you explain how I go about showing you a copy of my backup log? There is no completed backup in my history yet.
Thanks
Rob