share this big cake. Taobao (www.taobao.com)‚ a Chinese-based company which is a leading platform for C2C personal transactions‚ was founded in 2003 by the 450 million investment from world’s best B2B company——Alibaba. Taobao is a typical example of China E-business style. Taobao paid a lot of efforts in order to China and Asia’s market dominance‚ during a lot of difficulties and challenges especially in the competition with E-bay. But some problems still exist in Taobao’ credit system and logistics
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the payment directly through specific websites. Taobao‚ an online shopping platform‚ is becoming more popular among teenagers in recent years. The increasing significant of online shopping arouses public concern. Some customers appreciate this form of shopping due to its convenience. While some of them concern that it might trigger negative effects on teenagers. This paper examines both the arguments for and against Hong Kong teenagers using Taobao for online shopping. Following this‚ a conclusion
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eBay done to avoid defeat? There are many reasons that eBay defeat in the competition with Taobao.com in the Chinese Internet C2C market. First‚ based on research of C2C market in China‚ the user (seller) of the website is price sensitive. Since Taobao launched no-free model‚ eBay lost their customers. Furthermore‚ eBay’s payment services did not fit the Chinese credit payment systems. For example‚ PayPal‚ one of the payment methods of eBay‚ was prohibited from offering international transactions
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Southern China were summoned by the founder of the company and were given a secret mission: develop a C2C Internet auction site in three months or less to counter the much celebrated entry of eBay into the Chinese market. The new company was named Taobao‚ meaning “treasure hunting.” At that time‚ the mission was almost impossible: eBay is the Goliath of the e-commerce
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Taobao and Weibo Thursday‚ March 22‚ 2012 Bringing business to the masses Share: Descriptions of China’s economy are often paired with the best of accolades: promising‚ miraculous and meteoric‚ to name a few. But observers rarely use the words “fair” and “transparent” to describe the country’s business environment. One need not look far to see why: rampant corruption‚ preferential policies for state-owned companies‚ and copious red tape all prevent private enterprises from thriving. Yet out
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compete in the gigantic Chinese market with domestic powers like Alibaba and Taobao. We want to take turns to discuss the benefits and drawbacks of each of the two big moves that eBay took in positioning its business position in China. Acquisition: The full acquisition of EachNet by the U.S industry giant at 2003 was without a doubt an influential event perceived by the Chinese C2C market. Founded in the same year‚ Taobao was just beginning to apply its successful business experience from operating
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2. Limitation in controlling counterfeit products. Another weakness is fake goods and scam artists/deceptive sellers. 3. Most of its revenue only came from advertising 4. Falsity of online advertisement on taobao without effective control 5. Businesses might withdraw from Taobao when they expand to have their own trading platform/ they will distribute their resources in different online trading platform 6. Credit evaluation system may not be reliable- sellers can easily delete a bad comment
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likely to be ’shopaholics’‚ says Taobao report Ernest Kaoernest.kao@scmp.com The average Taobao-user in Hong Kong makes an average of 780 transactions in a year. Photo: Thomas Yau Market research by China’s biggest e-commerce site found men twice as likely as women to be “uncontrollable shopaholics”‚ meaning that although they spend less time SHOPPING ONLINE‚ they tend to buy double the amount of items on each haul. A "field guide" produced by ALIBABA’S Taobao Marketplace also found that at least
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$87 billion (datamonitor). It owns lots of websites including the auction websites and online payment websites under its brand name across the world. In China‚ There are a lot of C2C platforms in the new emerged market‚ such as TaoBao‚ PaiPai and eBay (China). Taobao is a China based local C2C platform which Founded in 2003 by Alibaba Group after Ebay acquired Eachnet in China. It mainly caters to consumers in mainland China‚ Hong Kong‚ Macau and Taiwan. Within short 3 years‚ it has quickly developed
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online commerce market really soon. The company was focused on B2B business and its initial goal is to help small Chinese manufacturers connect with buyers. Alibaba grew quickly and still growing. It launched several wholly owned subsidiaries‚ such as Taobao‚ Alipay‚ Alisoft. Alibaba group is considered to be a huge success among international and domestic‚ but it has its own limitation and problems. In this essay‚ I ill illustrate the reasons that made the Alibaba Group to be success‚ the challenge they
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