What does Taobao mean?

In Chinese, Taobao(淘宝) means finding something good, in which the Tao(淘) means finding / looking for, and Bao(宝) means something good / valuable

Taobao.com is the latest online shopping marketplace in China. You probably already know that as Alibaba, who owns the Taobao, had the latest IPO ever in the world 2 months ago

The U.S. equivalent of Taobao.com is Ebay.com. The equivalent of Alipay is Paypal