Taobao

Taobao, founded by the Alibaba Group, is a shopping marketplace based in China that facilitates transactions between consumers and sellers.

Taobao is a shopping marketplace for consumers in China. Founded by parent Alibaba Group, it facilitates transactions between individual consumers and a wide range of sellers such as retailers, wholesalers, and other individuals. Similar to eBay, sellers are able to post new and used goods for sale on the Taobao marketplace either through a fixed price or negotiated sale or by auction. Primary competitors include [eBay](http://www.crunchbase.com/organization/ebay), yet reports have shown that Taobao has over 65% of the auction market and is growing.