E-commerce marketplace Taobao has worked with rights holders to ban some counterfeit goods from sale and has promised to further simplify its complaint procedures.
Because a new tablet hardwired with 20, 000 instantly streaming shows, on-demand television, music and movies, a massive e-book marketplace and a history of buyer confidence looks like a very formidable machine.
Credit Suisse has taken an ambitious shot at what China will look like in 2015, in a 150-page report, and their call is that the fastest-growing business sector will be surprise, surprise e-commerce, led by the dominant online marketplace Taobao of Alibaba Group.
What a global online marketplace operator needs more is reputation management APIs and bitcoin payment modules for a broad range of e-commerce shopping cart platforms.