Taobao has launched the Taobao App Store and will invest RMB10 million or about $1.46 million yearly to foster promising independent software developers via the Taobao Open Platform (TOP) fund.
The app store will offer solutions created by independent developers through TOP for Taobao merchants and consumers.
The first batch of applications available in the store is the top 30 applications identified through the “Win at Taobao” competition held by TOP.
Wang Wenbin, VP of TOP, said the Taobao App Store will serve as an incubator of innovative technology for Taobao users.