The move comes as Taobao continues to chip away at transforming its image, both in China and abroad. Founded in 2003, the platform was long known as a "wild west" of counterfeit goods, dubious medical products and fake listings, alongside more traditional individual and small business merchants. Alibaba has been working to align itself and the Taobao platform more closely with the values of the Chinese state.
Ke.com (AKA, Beike Zhaofang 贝壳找房), the open-platform listings site launched by Lianjia (AKA, Homelink) last month, has launched "VR viewing functions," that will allow users to make an interactive 3D viewing of a listed home from anywhere. The new function is backed-up by an in-house team of professional photographers, as well as a collaboration with interactive 3D modeling company, Zhongqu Tech.
Alibaba Group Holding Ltd. (NYSE: BABA) reported better than expected results on Friday, marking two years of continuous quarterly revenue growth above 50 percent, even as new business investments in offline retail, cloud computing and overseas expansion continue to weighed on margins.
China’s largest listings marketplace Taobao and its parent company Alibaba Group Holdings Ltd. (NYSE: BABA) are having their feet held to the fire over a recent promotional campaign that was featured on the front page of Taobao’s “alimama.com” (阿里妈妈) site.
Taobao, the c-to-c marketplace owned by e-commerce giant Alibaba Group Holdings Ltd. (NYSE: BABA), has updated its list of prohibited goods and services to include cryptocurrency-related products. In its latest update, the site has now formally banned individual stores on its platform from providing services related to initial coin offerings (ICOs), such as technological development, marketing, and business proposal writing, among others.
Baixing.com, China’s second-ranked classifieds horizontal after 58.com, has been awarded a national citation for online security by the Ministry of Public Security.
Taobao for retirees will make it easier for seniors to register an account and browse products, delivering an improved user experience, from personalized recommendations to after-sales service, said Ding Jian, the channel’s head of development.
Taobao, the c-to-c and SME-to-c marketplace operated by Chinese ecommerce giant Alibaba Group Holdings Ltd., has been included on the US Trade Representative’s “notorious markets” list for the second year running.
Market watcher have long speculated when and if China’s leading c-to-c marketplace, Taobao (淘宝), operated by Alibaba Group Holding Ltd. (NYSE: BABA), would make the jump into listing used autos. Few predicted that they would turn to the used jet aircraft marketplace first.
Alibaba Group Holding Ltd. (阿里巴巴), celebrated “outstanding” financial results in Q2 of FY2017, driven by growth in its e-commerce business. Revenue jumped 61 percent in Q2 from Q2 of FY2016 - the biggest quarterly jump recorded by the company since its IPO in 2014.