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Tag Archives: Taobao

Taobao Surpasses 1.2 million Users in Hong Kong

Hangzhou-based e-commerce giant, the Alibaba Group announced that its consumer-focused platform, Taobao, has surpassed 1.2 million registered users in Hong Kong as of September this year. The closely followed the announcement in June this year after Taobao Hong Kong broke through the one million mark. Taobao’s management stated that its next priority is to improve users’ shopping experience by further ... Read More »

Alibaba Reaches Transaction Value of 1 Trillion RMB

Alibaba Group, announced the sales volume through its various marketplace platforms, including Taobao and Tmall, surpassed RMB 1 trillion (US$157 billion) from January to November this year. This figure surpasses the combined transaction value of other e-commerce leaders, Amazon and eBay. Earlier this year, Alibaba recorded US$3 billion in sales transactions in a single day from its marketplaces. All payments ... Read More »

Alibaba Second Quarter Net Income Doubles as Chinese Consumers Go Online for Goods

Alibaba’s second quarter revenue grew 71% to $1.08 billion from $631.2 million.    Net income jumped to $273 million in the three months ended June 30, from $118.9 million in the same period a year earlier.  The big jump in the China-based e-commerce giant’s earnings highlights the rapid shift by many Chinese consumers to the Internet for goods, away from traditional ... Read More »

Taobao Kicks-off Expansion Plans in Hong Kong and Taiwan

Alibaba Group’s consumer-focused e-commerce platform Taobao is looking to expand its operations outside China in the near future. Taobao reportedly announced at a press conference this month that the company has already attracted close to two million users in Greater China – including 1.2 million members in Hong Kong and 500,000 in Taiwan. Alibaba sees Hong Kong and Taiwan as ... 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 »

Baidu, Tencent and Taobao Are China’s Top 3 Websites by Traffic

According to data released by Internet Society of China, the country’s top five websites in terms of unique visitors as of April 27, 2012 were Baidu, Tencent, Taobao, Sina and Sohu. Baidu currently receives average of 584.92 billion unique visitors per week, while Tencent has an average of 465.04 billion unique visitors per week. Taobao gets 193.46 billion unique visitors ... Read More »