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Development and evolution

On May 10, 2003, Taobao was established and invested by Alibaba Group. On June 5438+ 10, the third-party payment tool "AliPay" was launched, allowing consumers to trade on Taobao with "secured transaction mode". In 2003, the total turnover was 34 million yuan.

In 2004, Taobao Want Want went online, linking instant chat tools with online shopping.

In 2005, Taobao surpassed Yi Bei and began to leave its competitors far behind. In May this year, Taobao surpassed Yahoo Japan and became the largest online shopping platform in Asia. In 2005, the turnover exceeded 8 billion yuan, surpassing Wal-Mart.

In 2006, Taobao became the largest shopping website in Asia. This year, Taobao realized a possibility for the first time in China-the Internet not only exists as an application tool, but will eventually constitute the basic elements of life. According to the survey data, nearly 9 million people shop on Taobao every day.

In 2007, Taobao was no longer a simple auction website, but the largest online retail business circle in Asia. This year, Taobao's annual turnover exceeded 40 billion, making it the second largest comprehensive store in China.

In 2008, Taobao Mall (the predecessor of Tmall), a new platform of Taobao B2C, was launched. The Wenchuan earthquake donation platform was launched, and * * * raised more than 20 million donations from netizens; In September this year, the monthly transaction volume of Taobao exceeded10 billion.

Refer to the above content: Baidu Encyclopedia-Taobao.