Paipai.com is a business of Tencent e-commerce that was strategically acquired by JD.com. Paipai.com is committed to building a C2C platform that connects sellers and buyers, and fully meets the needs of consumers by providing a wide range of products including clothing, maternal and child products, food and beverages, home furnishings and consumer electronics. At the same time, Paipai.com also provides value-added services such as data mining and analysis to third-party sellers. These value-added services will help sellers make accurate analysis of consumers and the market, and provide support for their product planning and precision marketing. Closing time April 1, 2016 Establishment time 2005 Website http://www.paipai.com/ Status Closed Basic introduction of Paipai.comPaipai.com (www.paipai.com) was launched on September 12, 2005 and officially started operation on March 13, 2006. It is currently the second largest e-commerce platform in China. Paipai.com mainly has twelve channels, including women's clothing, mobile phones and digital products, home and food, beauty and cosmetics, lottery, recharge center, today's specials, red envelopes, colored bricks, new gifts, movie tickets, group purchases, etc. The recharge center includes QB for Tencent's special products and services, phone recharge, online games, etc. Paipai.com business coveragePaipai's business mainly covers second-hand goods sales, second-hand goods recycling and goods leasing business, as well as personal idle trading business, aiming to meet users' trading needs for second-hand goods in various scenarios. Paipai takes user needs as the core and quality management as the guarantee. It adheres to the concept of making the best use of things, extending the life value of things, and creating more life possibilities. It is committed to establishing unified standards, building infrastructure for the second-hand industry, effectively regulating second-hand industry transactions, and setting a benchmark for the second-hand industry. It aims to provide users with more professional, fast, safe and secure products and services, and become the most trusted professional second-hand trading platform for users. Development History of Paipai.comPaipai.com (www.paipai.com) was launched on September 12, 2005 and officially started operations on March 13, 2006. On September 12, 2007, Paipai.com celebrated its second anniversary of its launch and has achieved rapid development in all aspects, including traffic, transactions, and number of users. On November 11, 2008, PaiPai.com officially announced that its new brand slogan is "Great Value Shopping, Trustworthy". In the future, PaiPai.com will strive to build a "most convenient, most intimate and most trustworthy" community e-commerce platform to provide users with a new honest and safe online shopping experience. On March 10, 2013, Tencent announced a strategic partnership with JD.com, which acquired the rights, logistics personnel and assets of PaiPai.com. After JD.com went public in May 2014, it established it as a subsidiary. In November 2015, JD.com announced that it would stop providing C2C e-commerce platform services by December 31, 2015. After a three-month transition period, it will completely shut down C2C e-commerce platform services on April 1, 2016. References
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