Pritpower tao bao8/18/2023 ![]() ![]() It earns from the ads that the sellers put on its website to show their products on the top which is similar to paid search results. Taobao generates its revenue mainly from these methods: Let us now start its business model by looking at the revenue model of Taobao. ![]() By using this business model it is able to capture more than 60% of the market share in China. Taobao uses a freemium business model in which it allows its customers to use its site without paying any fees and provides premium services on a paid subscription. It determines the products or services the business plans to sell, its identified target market, and any anticipated expenses. The business model is used to determine a company’s plan for generating revenue. Let us now start with the step-by-step business model of Taobao. By the year 2013, it was the 8th most visited website in china and after these effective steps, the market shares of Taobao rose from 8% to 59% between 20. It expanded the business to consumer addition in 2008 the website expend Taobao Mall. ![]() In 2016 Taobao launched a function name “ask everything”, it became more popular in the Taobao system, in which consumers can ask questions regarding a product, concerns about a certain product, and they can also comment on that and the previous consumer of the product respond on it. Taobao offers its sellers, both auction format and fixed-price sales. This is a marketplace that is quite similar to, , or even websites mostly benefit sellers and buyers of China, Taiwan, Hongkong, and Macao. It has over 500 million registered users on its platform and over a 60million regular users. It provides a platform for small businesses and individual entrepreneurs to open an online store. Taobao was established by Alibaba Group on May 10, 2003. ![]()
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