Taobao, the largest online shopping destination in China, has today announced the launch of the Taobao App Store. There will be an initial investment of around10 million RMB for this and it will be great for the online market and a great competitor for Western companies offering the same product or applications. Yet further proof of how the internet market in China is developing and the number of users coming online is increasing too. Also with the development of IDN, it means that the people who will be able to go online typing in their local language, it will make more of them go online and sites like these are going to benefit since they can change to that.Yet another example of how active the internet users in Asia are. Constantly look for new ideas and this site from the comments, it can be seen that they sell stuff quite cheap and is very well known to Chinese people. The fact that this site is investing more and selling applications, comes to show how important the internet is becoming for people here and once you can build a solid reputation, the results will be enormous.
Source: http://thenextweb.com
Image: garethjmsaunders
Leave a comment