According to industry insiders, Hangzhou-based C2C & B2C e-commerce site Taobao is planning on launching a third Pinterest-like service called Wantu (loosely translated as "Naughty Rabbit"). Wantu is best classified as a photo sharing and bookmarking website. Users can log in using their Taobao account credentials.
Editor's Note: According to Wantu's About Us page, the service will officially start on April 11, 2012. In mid-March Taobao's e-commerce search engine ETao, in partnership with Hangzhou-based e-commerce SNS Mogujie, launched a co-developed Pinterest clone called "ETao Discover," and in late March Taobao also began testing another Pinterest clone called Taobao Circles. For more information on this topic, please see "Taobao Tests Pinterest Clone," MD 3/27/12 issue.