Taobao was founded on May 10, 2003, with investment from Alibaba Group.

In October, the third-party payment tool "Alipay" was launched, using the "guaranteed transaction model" to make consumers trust transactions on Taobao.

The total transaction volume in 2003 was 34 million yuan.

In 2004, "Taobao Wangwang" was launched, linking instant messaging tools with online shopping.

In 2005, Taobao surpassed eBay and began to leave its competitors far behind.

In May, Taobao surpassed Yahoo Japan and became the largest online shopping platform in Asia.

In 2005, the transaction volume exceeded 8 billion yuan, surpassing Wal-Mart.

In 2006, Taobao became the largest shopping website in Asia. In that year, Taobao realized a possibility in China for the first time - the Internet is not only an application tool, but will eventually become a basic element of life. Survey data shows that nearly 9 million people go shopping on Taobao every day.