Taobao Pan went bankrupt for violating platform rules. Taobao Pan is an anchor of Taobao. Because of violating the rules of Taobao platform, the live broadcast of Taobao Pan Xingxing was stopped. Taobao is an online shopping and retail platform under Alibaba Group. Taobao was founded by Alibaba Group in May 2003. It is a large-scale online retail business circle in the Asia-Pacific region and a popular online shopping retail platform in China. Taobao has nearly 500 million registered users and more than 60 million frequent visitors every day. At the same time, the number of online goods has exceeded 800 million every day, with an average of 48,000 items sold every minute.