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Alibaba co-founder Jack Ma says the consumer-to-consumer marketplace will be available worldwide in multiple languages.
Ma's company currently has more than 34,000 employees. The hiring freeze will last through at least the end of 2015.
The company is offering everything from car marketing services to using a crowdfunding platform through its eBay-like retail site Taobao to allow business owners to raise capital from the site's users.
Customers would get store credits for Apple products, while manufacturer Foxconn would resell the iPhones after fixing them up.
The Chinese e-commerce giant's investment could signal another step into the mobile business, in a play not unlike Amazon's Fire devices line.
We're pretty pumped for this wax museum tour through our favorite galaxy far, far away: Madame Tussauds London plans to open an exhibit featuring 11 scenes and 16 of our favorite characters from "Star Wars" this May. Save for plane tickets, we must.
China had 649 million people online at the end of 2014, up by 31 million people from a year earlier. Mobile Internet users grew by 57 million people.
The company's revenue was up 40 percent and its mobile revenue was up a whopping 448 percent. Alibaba's profit, however, dipped 28 percent to $964 million.
The Chinese e-commerce giant's new Alipay ePass platform is designed to ease logistics for US-based companies that want to sell their wares directly to buyers in China.
China's e-commerce giant says that since January 2013 it has banned 90 million counterfeit items that had been on its listings.