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Taobao's Mall Heats Up Rivalry

Taobao's Mall Heats Up Rivalry

Write: Mary-Jane [2011-05-30]

Chinese e-commerce giant Taobao is now stepping up its heated rivalry with bricks-and-mortar retailers, with the launch of a five-story home furnishings showroom here in Beijing.

Taobao, which is owned by Alibaba, has opened the showroom for customers to try out sofas, tables and other big-ticket items before placing an order online.

Analysts expect China's online commerce to grow at annual rates of 30 to 40 percent in coming years.