what is taobao ? taobaowang taobao.com
Taobao means shopping online in China,foreigners like to give his name China’s ebay or Chinese Ebay. the name Tao Bao translates roughly into “digging for treasure” in Mandarin.
Taobao (simplified Chinese: 淘宝网; traditional Chinese: 淘寶網; pinyin: taobaowang) is a Chinese language web site for online auction and online shopping, similar to eBay, operated in the People’s Republic of China by Alibaba Group.
taobaowang taobao.com Founded by Alibaba Group in May 2003, taobao facilitates business-to-consumer and consumer-to-consumer retail by providing a platform for businesses and individual entrepreneurs to open online retail stores that mainly cater to consumers in mainland China, Hong Kong, Macau and Taiwan.so you can understand China’s ebay or Chinese Ebay.
Sellers are able to post new and used goods for sale on the Taobao marketplace either through a fixed price or by auction. The overwhelming majority of the products on Taobao are brand new merchandise sold at a fixed price; auctions make up a very small percentage of transactions. In China People like to buy fixed price ,not auctions,it is save time for both seller and buyer ,Chinese like buy at once .
Taobao Alipay VS Ebay Paypal History
When eBay opened up eBay.cn the hopes of expanding to China, Alibaba (headed by Jack Ma) started up a competing auction site taobao.com, Taobao to challenge eBay for the Chinese auctiom market. While eBay had the experience and the big name, Taobao knew the Chinese local market and what Chinese people desired. Even the name Tao Bao translates roughly into “digging for treasure” in Mandarin. eBay partnered with an existing site and used its tried and true cookie cutter formula that had found success in every other market it had expanded to. The usual insertion fees and Final Value Fees. Taobao knew that people would be reluctant to pay money up front without any guarantee of results so they made Taobao free of risk for sellers by not having insertion fees at all. In 2007 eBay threw in the towel and pulled out of China. There was talk later on of eBay partnering with Tom.com (TOM.COM) but nothing has come to fruition yet. Right now Taobao has over 80 percent of the Chinese person to person ecommerce market, a percentage that overshadows even eBay in the US market.
Taobao Useful Link:
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