Chinese internet giant Alibaba has announced that it is reorganizing one of its websites, Taobao, into three separate units. Taobao operates China’s biggest online shopping site, hosting 30,000 online stores.
Alibaba said it is splitting the website into Taobao Marketplace, Taobao Mall and eTao which will focus on different types of business.
The restructuring will see Taobao Marketplace concentrate on consumer-to-consumer business, while Taobao Mall will specialise in business-to-consumer transactions.
(Source: BBC News)