Turnover of Tmall.com and Taobao.com, two major Chinese online shopping platforms, surpassed 1 trillion yuan. (Photo/China Daily) |
Alibaba split Taobao into three separate companies in 2011. They are Taobao, a C2C online shopping destination, Tmall, a B2C online marketplace for brand-name goods and eTao, a shopping search engine.
Transaction volume on Taobao and Tmall totaled about 630 billion yuan in 2011.
Tmall.com and Taobao.com's success represents the online shopping boom the country has witnessed during the past couple of years.