Taobao (slogan: Amoy! I like it. ) is the largest online retail business circle in the Asia-Pacific region, dedicated to building the world's leading online retail business circle, which was founded by Alibaba Group on May, 2003 10. Now Taobao's business spans C2C (person-to-person) and B2C (business-to-person). As of June 5438+February 3, 20081,Taobao had more than 98 million registered members, covering the vast majority of online shoppers in China. In 2008, the transaction volume was 99.96 billion yuan, accounting for 80% of the online shopping market in China. In 2007, Taobao's transaction volume reached 43.3 billion yuan, an increase of 156% over 2006. In the first half of 2008, the turnover of Taobao reached 410.30 billion yuan.