Chinese e-commerce giant Alibaba (NYSE: BABA) has formally requested that it’s c-to-c and b-to-c marketplace Taobao be removed from the U.S. Trade Representative’s (USTR) “Notorious Markets” blacklist, which is currently being compiled and will be released in the new year. Alibaba’s submission to the USTR stated that it doesn’t meet any “meaningful definition of a notorious market.” Alibaba added that,“if foreign marketplaces are held to a standard that...
Distressed property listings on China’s leading c-to-c marketplace and auction site Taobao, operated by Alibaba Group Holding Ltd., rose 88 percent in October from a year earlier, as the company expanded its work with courts and asset managers, according to Bloomberg.
Online marketplace Taobao has announced a partnership with one of the country's leading used b-to-b and b-to-c auto marketplaces, Uxin (NASDAQ: UXIN). Taobao is owned by Chinese e-commerce giant Alibaba Group Holdings (NYSE: BABA).
Zhuan Zhuan, the c-to-c used general goods platform incubated by Chinese classifieds giant 58.com (NYSE: WUBA), now has more sellers than one of the country's oldest e-commerce platforms Taobao. This is according to CEO Huang Wei who said his company has more than 10 million sellers.
The 10th annual Chinese shopping bonanza Singles’ Day has generated a record $30.7 billion U.S. in sales for internet giant Alibaba (NYSE: BABA). The first $1 billion of transactions were completed within one minute and 25 seconds of the promotion's opening, Alibaba announced.
China's leading c-to-c and b-to-c e-commerce platform Taobao --- owned by Alibaba Group Holdings (NYSE: BABA) --- has rolled out a new app interface that will encourage more sharing, use of daily deals, and video content from users.
Chinese e-commerce giant Alibaba Group Holdings Ltd. (NYSE: BABA) posted a 54 percent boost in revenue in the second quarter and saw profits rebound ahead of Singles Day (November 11), the largest shopping holiday of the year in China.
Xianyu, the used goods marketplace and social network created by Chinese e-commerce giant Alibaba’s Taobao brand, has introduced video listing options with its latest app update. Videos for each listing can be up to ten seconds long. Other new features include video chat between buyers and sellers.
As expected, the law poses serious issues to c-to-c and b-to-c e-commerce operators in China, particularly Alibaba’s venerable marketplace Taobao.
YueLin, a Chinese second-hand books and electronics marketplace, has announced that it's completed series A funding. Although the exact amount was not disclosed, it was confirmed that the funding was in the order of several tens of million RMB.