Taobao CFO: Taobao Mall Merchants Pay Revenue Share
The Beijing News, 11/02/10
Daniel Zhang, CFO of Hangzhou-based B2C and C2C e-commerce company Taobao, said that companies signing up for Taobao's new Taobao Mall service would be required to pay a percentage of profits to Taobao as a service fee - 5% for clothing retailers, say, or 2% for electronics retailers. If service fees paid for a year fall below the RMB 6,000 per annum minimum, the companies will be de-listed from Taobao Mall. Zhang said that unlike Taobao, which requires persons wishing to open a store only to submit their national ID number and open an AliPay account, Taobao Mall will require vendors to have a company license and tax registration, among other documentation.
Keywords: revenue share Daniel Zhang e-commerce Taobao Internet B2C Taobao Mall
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