Taobao.com

A Taobao.com is a consumer-to-consumer e-commerce website.

• • …
• Counter-Example(s):
  • Ebay.com.
• See: Alibaba Group, Financial Transaction, Consumer-to-Consumer, E-Commerce, Chinese Language, PHP, Alexa Internet, Online Shopping.

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References

2018

• (Wikipedia, 2018) ⇒ https://en.wikipedia.org/wiki/Taobao Retrieved:2018-3-12.
  • Taobao (Template:Zh) is a Chinese online shopping website, which is operated in Hangzhou, Zhejiang by Alibaba Group. It is one of the world's biggest e-commerce websites, as well as one of the world's top 10 most visited websites according to Alexa. As of February 2018, Taobao has over 580 million monthly active users.

    Founded by Alibaba Group on May 10, 2003, Taobao Marketplace facilitates consumer-to-consumer (C2C) retail by providing a platform for small businesses and individual entrepreneurs to open online stores that mainly cater to consumers in Chinese-speaking regions (Mainland China, Hong Kong, Macau and Taiwan) and also abroad.

    With over 1 billion product listings as of 2016, the combined transaction volume of Taobao Marketplace and Tmall.com reached 3 trillion yuan in 2017, more than that of all US retailers and e-commerce sites combined. The Economist calls it "the country's biggest online marketplace”.

    Sellers are able to post goods for sale either through a fixed price or auction. Auctions make up a small percentage of transactions. The majority of the products are new merchandise sold at fixed prices. Buyers can assess seller backgrounds by information available on the site, including ratings, comments and complaints.

    On 29 March 2016, Alibaba group CEO Zhang Yong claimed a clear strategy for the future of Taobao: community, content, and local life is three direction.

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