Taobao is the most popular consumer to consumer and business to consumer marketplace. The company started working in 2003, as a marketplace where individuals or small companies can sell their products online via their stores.
Taobao is referred to be the Amazon or eBay of China, but in actuality it far surpasses them. It is the largest e-commerce website, and one of the leading visited sites in the world.
It is China’s biggest website, with more than 600 million monthly active users. 60% of e-commerce sales happen here. Most of the users are either Chinese or Asian.
With more than 1 billion product listings, the company appears as the largest online marketplace in China. Here you can easily find a wide range of Taobao products from cosmetics to dead mosquitoes at an economical price. It helps you save time and earn profit.
Taobao is made up of virtual stores, which are owned by individuals or companies. The sellers place the product in their Taobao store.
The sellers list the products to sell them at fixed prices or through auctions. The buyers can check the review or ratings of the product It will help them to get the best products from Taobao.