19th sept 2014
shares of companies listed in America with ipo 68USD.
Taobao Mall changed its Chinese name to Tian Mao (Tmall)
Taobao was launched after eBay acquired Eachnet.
EBay shut down its China site and taobao became the biggest player.
Taobao’s Market surged from 8% to 59%, eBay China plunged from 79% to 36%.
Taobao introduced a newly dedicated B2C platform called Taobao Mall.
Taobao Mall became an independent business.
Taobao began to accept international Visa and MasterCard credit and debit cards; prior, only domestic banks were supported by AliPay.