1. What was Alibaba Group’s motivation for diversifying into the consumer business with the launch of Taobao? Does it make sense? Alibaba Group’s motivation for diversifying into the consumer business with the launch of Taobao was mainly because of the rise of eBay in China. Jack Ma‚ the founder of Alibaba‚ observed that the entry of eBay through EachNet‚ which held an 85% market share‚ was a threat to Alibaba. He was especially concerned that the rise of eBay would encroach their existing B2B
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diversifying into the consumer business with the launch of Taobao? Does it make sense? Alibaba group felt that it was under threat from eBay as eBay had a large market share in C2C business. Alibaba felt that eBay may go into the B2B business which Alibaba is in‚ and their business may be under threat. Hence Alibaba decided to go into the C2C business with Taobao to compete with eBay for the fear of eating into Alibaba business. It made sense because Taobao managed to overtake eBay’s share of the C2C business
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1. What was Alibaba Group’s motivation for diversifying into the consumer business with the launch of Taobao? Does it make sense? The motivation came from the fear of the rise of eBay in China. It invested US$30 million in EachNet in 2002‚ and at that time‚ EachNet commanded an 85% market share. Just in the following year‚ acquired the remaining 67% stake in EachNet‚ rebranding the site as eBay EachNet. EBay has very big ambition in Chinese market and it is another company that understood Chinese
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Taobao VS eBay in China eBay China eBay‚ as a global company with a global strategy that trades across many nations‚ regarded itself very much as an American company‚ founded in 1995. Under ’ pioneered online person to person trading ’‚ " a web-based community that bought buyers and sellers together " approaches ( Stockdale and Felstead‚ 2010) ‚ currently the company listing sites in 29 countries and defines the C2C model of e-business around world. eBay has became the dominant online trading
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United international college | Alibaba Group | Business Report and Event Evaluate | | Group A | 0930600165 Lancer 赵瑞晗 | 1030600069 Jason 梁颖1030600076 Myann 林跃1031300033 Su 罗瑶1030600140 Melody 吴晓彤1030600142 Echo 吴卓玥 | 2012/10/23 | Business Communication group Project | Content Section A: Alibaba 3 A. Introduction 3 B. Brief history of Company Development 4 1. Establishing group period: 1998 – 1999 4 2. Forming diversification period: 2000-2003 4 3. Forming group
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across the world. It was initially conceived as an online wholesale channel for enabling small traders to get in touch and conduct business with global entities. The group operates several businesses such as Juhusuan‚ Aliexpress‚ Tmall.com‚ Alimama‚ Taobao marketplace‚1688.com‚ Alipay and Alibaba cloud computing. At its heart‚ the core objective of Alibaba is to provide a platform via internet to small enterprises so as to benefit from modern innovation and communication technology in growing into profit
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An innovation in China’s e-finance market “Yu’E Bao” On the October‚ 1995‚ the Security First Network Bank (SFNB) is established‚ which is considered as the sign of the emergence of internet financial industry (e-finance). After that‚ it emerged and developed in many other countries. From the perspective of traditional financial industry‚ the e-finance is absolutely a “showstopper” which brings a lot of innovation pressure to traditional financial industry. The e-finance is continuously permeating
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Taobao Marketplace and Juhuasuan Launch Juhuasuan Overseas Group Shopping Platform in Hong Kong and Taiwan Apr 8 13 Taobao Marketplace and Juhuasuan announced the official launch of Juhuasuan Overseas platform to provide Hong Kong and Taiwan consumers with a dedicated comprehensive group shopping platform offering a wide range of high-quality merchandise and localized lifestyle services selected from Taobao sellers. Previously‚ products offered on Juhuasuan were often only accessible to mainland
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Alibaba Group and its Impact towards Business & Society Alibaba Group is an e-commerce company founded by Jack Ma in year 1999. As an entrepreneur‚ one must be willing to take the risk in starting a business. Being an entrepreneur‚ Jack Ma has vision‚ innovation and determination. He foresaw the potential of the Internet that is going to help in business growth in China. He took a risk and began his entrepreneur journey. He started the business of Alibaba to help other small businesses
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The major businesses and the businesses of their related companies and affiliates has included Taobao‚ Tmall‚ Juhuasuan‚ AliExpress‚ Alimama‚ Alibaba Cloud‚ Ant Financial and also Cai Niao. The Alibaba culture is about championing all the small business. They operate an ecosystem where all participants – consumers‚ merchants‚ third-party service providers
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