TAOBAO.COM STARTS AN ATTEMPT WITH TRADITIONAL ECONOMY
AsiaInfo Services, June, 2009
AsiaInfo Services 06-19-2009 Taobao.com Starts an Attempt with Traditional Economy DONGGUAN, Jun 19, 2009 (SinoCast Daily Business Beat via COMTEX) -- More than 200 companies such as Huajian Group and Lung Cheong International Holdings Ltd. (SEHK: 0348) debut and settle in the Songshan Lake Taobao Pioneer Park of China's largest online consumer-to-consumer (C2C) marketplace Taobao.com in the Dongguan Songshan Lake Science and Technology Industry Park, Dongguan, Guangdong, south China. On June 19, Taobao.com and its partner Administrative Committee of the Dongguan Songshan Lake Science and Technology Industry Park jointly announced the establishment of the pioneer park, whose first phase has a government-funded investment of CNY 250 million. The cooperation is an attempt...
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