Taobao.com was started in July 2003 and is now the leading e-commerce trade platform in China.
The website operation has signed a one-year agreement to become the title sponsor of the race in Shanghai on May 1, which will be named Taobao.com Grand Prix of China.
The agreement includes a strategic cooperative partnership with Shanghai International Circuit. This involves taobao.com becoming the exclusive Internet auction platform for the circuit.
