Taobao.com May Face Lawsuits: How Should the Online Shopping Market Be Regulated?

In May 2003, Taobao.com was created by Alibaba and has since developed into the largest auction platform in mainland China. Last year alone, the consumer to consumer (C2C) transaction volume of Taobao amounted to 200 billion yuan, and this year it is expected to exceed the 40 billion yuan mark. This "big brother" of the online shopping market boasts achievements and influence that everyone in the industry admires, but hidden crises have also gradually emerged.