China C2C Taobao City gets set to go
In anticipation of a strong growth of online shoppers – jumping from 100 million as of Dec 2008 to 150 million in 2009, Taobao.com rolls out another major project before it steps into the Year of Ox 2009.
Taobao.com, the mainland online C2C trading platform, owned by Alibaba group, will build its castle in Hangzhou, the capital of Zhenjang province, according to the company’s web site announcement.
Alibaba group is slated to fork out RMB 1.36 billion to launch its “Taobao City” (淘宝城), The new facility will be completed on 4 million square meters in 5 years and will employ 15,000 staff for R&D, customer service, website management, marketing campaign, technical support, partner incubation and training facilities.
Taobao-City Homepage
Further, Alisoft.com, a software provider under Alibaba, said last Tuesday it will invest RMB100 million in its first “business cloud” center in Nanjing.
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