According to the agency the seller was the Intermediate People's Court of Shenzhen City.
Last year, a Boeing 747 was also listed for sale on eBay for US$299,000 though it was not in working condition, with its engines removed and electrical components having been stripped off - essentially, it was a shell for sale.
The court found success online, though.
Founded by Alibaba Group on May 10, 2003, Taobao Marketplace facilitates consumer-to-consumer (C2C) retail by providing a platform for small businesses and individual entrepreneurs to open online stores that mainly cater to consumers in Chinese-speaking regions (Mainland China, Hong Kong, Macau and Taiwan) and also overseas.
The aeroplanes originally belonged to a defunct cargo company, Jade Cargo International.
Perhaps unsurprisingly, this appears to be the first time an aircraft of this size has been sold on Taobao. Deals were struck after 26 bids.
"Online auctions are a good way to handle the property of bankrupt firms", Long Guangwei, the court's vice president, told Xinhua.
"Online auctions save time and service fees for bidders", he said.
Nearly all Chinese courts have registered on Taobao's judicial sales platform since the launch of the service in 2012.