| Taobao seeks to help 3rd party firms |
 |
 |
 |
|
(February 24, 2011) Taobao.com, China's largest online shopping platform, yesterday said it will invest 300 million yuan (US$45 million) in the next three years to subsidize and support third-party software and service providers. "Taobao's major challenge comes from the ever-growing demand from customers and vendors, and the best way to solve this problem is to open our platform to welcome more service providers," said Lu Zhaoxi, Taobao's chief executive officer. Taobao will encourage these service providers by giving them subsidies and Taobao will offer them more room to develop, said Zhang Yong, chief financial officer of Taobao. "We will focus on medium and large service providers, and Taobao will take 30 percent of the income, leaving 70 percent for the application developers," said Wang Wenbin, vice president of Taobao. The four major sectors that applications developers should focus on are helping vendors to market their products, analyzing statistics of visitors and shoppers, wireless transaction tools and daily information closely connected with consumer needs. Since the open platform was launched in late 2009, Taobao has attracted 110,000 partners, and applications have expanded to cover several areas, including logistics, warehouse management, wireless service and customer service. (Source:China.org.cn)
|
Follow Us on Facebook
News
Only a third of small firms have a websi（May 22,2012） ALMOST two-thirds of small businesses do not have a presence on the internet, although those that have websites are enjoying more impressive financial results. Research by business software provider MYOB ... READMORE |
Bourse rallies on hopes of China stimulu（May 21,2012） THE Australian equities market made a positive start to the week yesterday after last week's 5.6 per cent drubbing, on news China could contemplate a fresh stimulus package to ... READMORE |
Australia could be a capital 'safe haven（May 18,2012） EUROPE'S economic turmoil could turn Australia into a safe haven for global capital, former Treasury secretary Ken Henry says. Mr Henry said the unfolding economic crisis in Europe will create ... READMORE |
Victorian prison project in trouble（May 17,2012） UNIONS have called on the Victorian government to intervene in the Ararat prison development after builders were unable to pay contractors. The $400-million public-private partnership project may be up to ... READMORE |
Dollar falls below parity, hits five-mon（May 16,2012） THE dollar fell below parity with the US dollar for the first time in almost five months, as political uncertainty in Greece and signs of an economic slowdown in ... READMORE |
Australian consumers in crisis mode（May 15,2012） MORE than half of all Australians feel they have been personally affected the global downturn, despite the nation's strong economy. Some 58 per cent of respondents said they believed they ... READMORE |
Australian consumers in crisis mode（May 14,2012） MORE than half of all Australians feel they have been personally affected the global downturn, despite the nation's strong economy. Some 58 per cent of respondents said they believed they ... READMORE |
Yahoo! CEO Scott Thompson says sorry for（May 11 ，2012）YAHOO! CEO Scott Thompson says he is sorry for allowing an inaccuracy about his education to appear in his official biography, but not remorseful enough to heed calls ... READMORE |
Substance to OneSteel's new direction un（May 10 ，2012）IT'S appropriate that OneSteel holders today used a futuristic hand-held gizmo to vote to change the company's name to Arrium, which is an ancient Incan term for "anything ... READMORE |
Trade deficit doubles as growth in impor（May 09 ，2012） AUSTRALIA posted a seasonally adjusted trade deficit of $1.59 billion in March, compared with a deficit of $754 million in February, the Australian Bureau of Statistics said today. Economists ... READMORE |
|
More in: News
|
- + 3 |
Subscribe RSS feed
