Home » Company » Taobao (page 2)

Taobao

Alibaba Group Splits into Seven New Units

The Alibaba Group has announced a reorganization splitting the company into seven major business groups.  The seven groups will be made up of online shopping marketplaces (1)Taobao.com,  (2)eTao, (3)Tmall.com, (4) Ju Hua Suan, (5) Alibaba International Business Operations (formerly the B2B unit); (6) Alibaba Small Business Operations (the domestic B2B unit); and (7) AliCloud, the Group’s cloud computing and information ... Read More »

Alibaba-Yahoo Negotiations Resume – Taobao Staff Arrested in Graft Case

According to media reports, China’s largest e-commerce company Alibaba Group has once again begun to negotiate with Yahoo to buy back 15% – 25% of the 40% stake which Yahoo currently holds. A previous attempt in February this year to arrange a US$17 billion tax-free asset swap failed to materialize. Yahoo’s CEO Scott Thompson disclosed during the company’s Q1 earnings ... Read More »

Alibaba Fights Corruption in its e-Commerce Business Taobao

Alibaba Group recently announced that it has launched an investigation into corruption within the company in response to a newspaper story alleging that Alibaba’s C2C e-commerce platform, Taobao.com, was full of corruption. Alibaba said that it has permanently shut down nine online stores that did business on Taobao.com and turned over several corrupt Taobao employees to the police.  Yang Lei, ... Read More »

Alibaba Hires ex-U.S. Official to Lobby in Washington

The Alibaba Group announced it has hired former general counsel of the U.S. Trade Representative Office (USTR), James Mendenhall, to aid its discussions with the U.S. government and industry groups over intellectual property rights protection. Alibaba is currently appealing to the U.S. Government to remove the company’s B2C e-commerce platform, Taobao, from the U.S.’s list of “notorious markets” for piracy. ... Read More »

Alibaba Splits Taobao into Three Separate Entities

Alibaba Group Holding Ltd reorganized its online retail unit Taobao into three separate companies, to be able to better respond to competition.  Taobao has recently lost market share in online retail transactions, falling from 75% market share a year ago to 71.6% in the first quarter of this year according to Analysys.   Taobao will be split into ‘Taobao Mall’, which ... Read More »

TAOBAO POSTS SALES VOLUME INCREASE OF 170%

Taobao.com, a C2C platform owned by the Alibaba Group, recorded sales volume of US$2.69 billion in the first quarter of 2008. That figure is an increase of 170% over the US$1 billion recorded in the same quarter last year. There were over 140 million active items listed on Taobao in the first quarter of 2008 – a 131% increase year-on-year. ... Read More »