Most investors over here think of Taobao as only an eBay clone.

FORBES: Pulling Back the Curtain on Taobao -- and Yahoo!'s Hidden Value

Although Taobao and its sister site Taobao Mall, where only professional sellers are allowed, somewhat resemble eBay and Amazon, their executives have a grander ambition.

ECONOMIST: Chinese internet companies

That only leaves their private investment in Alibaba Group (primarily consisting of Taobao and Alipay).

FORBES: Why Microsoft Would Be Making Money on Yahoo! If They'd Bought It In 2008