Alibaba’s Taobao Live reports over US$60 billion in GMV in 2020 as China intensifies scrutiny of live-stream e-commerce industry

  • Taobao Live saw triple-digit growth in its number of daily active users and live-streamers last year, Alibaba said
  • Online shoppers became more accustomed to watching merchants sell goods through live videos during the Covid-19 pandemic

Chinese internet celebrity Viya Huang Wei prepares for live streaming on the e-commerce platform Taobao on May 19, 2020 in Hangzhou, China. Photo: VCG

Taobao Live, the live-streaming platform for merchants on Alibaba Group Holding’s online marketplace Taobao, has set ambitious plans for the year after generating over 400 billion yuan (US$61.7 billion) in gross merchandise volume (GMV) in 2020, despite rising regulatory scrutiny on the live-streaming e-commerce sector.

Taobao Live saw its number of daily active users and live-streamers grow 100 per cent and 661 per cent respectively from 2019 to 2020, according to a statement released by Alibaba, the owner of the South China Morning Post, on Wednesday.

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