On July 19, 2004, Alibaba.com, the world's largest B2B e-commerce website, announced that on the basis of 200 million yuan a year, Taobao, the leading C2C personal online trading market Taobao (Taobao. COM) increased further investment of $ 350 million. Alibaba and Taobao CEO Ma Yun said that Alibaba, which enters the purification period, is increasing the commitment and investment of China's e-commerce market, 450 million yuan investment will make Taobao a superientive service provider in China's C2C market. Since Alibaba announced on July 7, 2003, it announced that the investment of 100 million yuan, China's personal online trading market has a huge change, Taobao breaks through all aspects of resistance, jumps to China's personal trading website with one year. The first, created the "Taobao Miracle" in the history of global Internet development. This additional investment of 350 million, got Alibaba and Alibaba's board of directors. Ma Yun said that this investment is in line with the strategic requirements of Taobao's long-term rapid development. Alibaba and Taobao are willing to continue to cultivate and improve this market, so that more netizens become online merchants. Ability to participate in personal trading and create more value. The investment will be mainly used in Taobao to further build a more complete safety system, payment system, service system, and technical platform, and increase market promotion. At present, Taobao has been originally launched by its own "Alipay" products, and effectively guarantee the safety of online transactions. On this basis, Taobao will also create a comprehensive bank payment system; Taobao's new technical support platform has been It is officially running, and the Taobao technology platform built with the world's top company can match any of the world. In addition to capital investment, Alibaba will provide powerful human material support for Taobao.com in all aspects of the integrity system, service system. From the 30 experienced service staff of Alibaba, I have officially arrived in Taobao Taobao. They will be like helping SMEs in the Alibaba platform, helping individual network merchants in Taobao. Taobao will abide by our free commitment, the investment will protect Taobao has absolute strength, and make better services than the charge with free policies. Alibaba Director, Granite Global Ventures Company Wu Jiaqi (Mr. Thomas Ng) said: "We fully support Alibaba's investment in Taobao, with the leading advantages of Alibaba in the global B2B market and powerful implementation And the deep understanding and experience of the Chinese market, we believe Taobao can consolidate and further expand its leadership in the Chinese market. "He said that Taobao is facing a strong international opponent, in just a year. Such amazing results, let us once again believe that Alibaba and Taobao team will create more miracles and will bring greater changes to China's personal online trading market.
