presents Alibaba
Global trade starts here
Alibaba Group Holding Limited is a Chinese multinational e-commerce, retail, Internet, AI and technology conglomerate founded in 1999 that provides a myriad of services worldwide. These services are: consumer-to-consumer (C2C), business-to-consumer (B2C) and business-to-business (B2B) sales services via web portals, as well as electronic payment services, shopping search engines and data-centric cloud computing services. In addition, Alibaba owns and operates numerous business in other sectors of the economy, and has been nominated by Forbes as one of the the world's most admired companies.
Alibaba’s international headquarters are located in Hong Kong, while the Chinese base is in Hangzhou with branches in the United States (Silicon Valley) and London. The founder and CEO is Jack Ma, who was selected as a "future leader" by the famous "World Economic Forum". He was the first person in China to be on the cover of Forbes in 50 years and has been invited to give lectures at MIT, Wharton Business School and Harvard University.
Alibaba’s international headquarters are located in Hong Kong, while the Chinese base is in Hangzhou with branches in the United States (Silicon Valley) and London. The founder and CEO is Jack Ma, who was selected as a "future leader" by the famous "World Economic Forum". He was the first person in China to be on the cover of Forbes in 50 years and has been invited to give lectures at MIT, Wharton Business School and Harvard University.
Currently,
Alibaba is the world's largest online trading market. It has become the world’s
first e-commerce website with 2.1 million merchants and has been named “the
most popular B2B website”. Alibaba.com is a famous brand of
global business-to-business (B2B) e-commerce,
and is the world' s largest online trading market with solid structure
and marketing position along with excellent service. In other words, Alibaba aggregates 14 sectors of the economy in one stop shop. Furthermore, each category offers a subset of around 30 products, forming a complete cycle from acquisition to ulitization to discharge of the item. But the greatest competitive advantage against its rivals is its trade infrastructure with 6 key components as follows: trade ensurance, business identity, logistic service, security payment, and inspection service. As a result, statistics showed an increase of 15% in traffic volume and 92% security accuracy of consumers' identity
On November 11th, 2017, Alibaba has smashed the record for one-day online shopping sales with its Singles Day event generating a staggering $25.3 billion in sales within 24 hours. The previous record was Alibaba's own $17.8 billion in sales during last year's Singles Day. To put these numbers into context, retailers drew in a record $3.45 billion on Cyber Monday and $3 billion on Black Friday, which makes Alibaba's sales sound even more mind-blowing.
In
China, the main competitor of Alibaba in e-commerce sector is JD.com, a Chinese e-commerce company headquartered in Beijing, also one of the two largest B2C online retailers in China by
transaction volume and revenue. As September 2017, the platform has 266.3
million active users. May,2014, JD.com landed the NASDAQ, and valued $25.7
million, is the major competitor of Alibaba-run of Alibaba-run Tmall.
On
September 19, 2014, the initial public
offering (IPO) was the highest in the world. At that time, Alibaba's market value was US$231 billion, in
January 2018, Alibaba's market cap stood at US$527 billion. In 2018, Alibaba
became the second Asian company to break the US$500 billion valuation mark,
after Tencent.It is one of the top 10 most valuable and biggest companies,
Alibaba retains the world website traffic
with 17. 21% and project growth rate of + 10.56%, followed by the US
with 14.26 %, with growth rate of 33.67%, and then Russia with 5%.
Although,
Alibaba is a multinational organization with a variety of businesses, our group will focus on the sectors related
to its e-commerce, and its main brand is Taobao Marketplace, or Taobao, as of
2013 was China's largest consumer-to-consumer(C2C)
online shopping platform. Founded in 2003, it offers a variety of products for
retail sale. In January 2015 it was the second most visited website in China,
according to Alexa.com.Taobao's growth was attributed to offering free
registration and commission-free transactions using a free third-party payment
platform.
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