Abibaba Group

Taobao.com, a subsidiary of online global trade giant Alibaba Group, is China's largest consumer-to-consumer e-commerce company. Since its launch in 2003, it has captured close to 80 percent of China's online-shopping market share, in part because it doesn't charge transaction fees and also through such innovations as AliPay, an escrow system that enables online payments in the absence of high credit card penetration among Chinese consumers.