Chinese Entrepreneur in the Internet Age --Story of MaYun and Alibaba Introduction In network age‚ the pattern and rate of economic growth experience tremendous changes and starting from the US‚ internet entrepreneurs have become new aristocracies of the Wealth-Bulletin. However‚ commercial miracles of internet industry not only take place in Silicon Valley. And on the ancient east land‚ a young internet entrepreneur has written a new business legend with his vision‚ courage and leadership.
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Apple Inc. Case Study # 1 iPhone [pic] Professor Chug-Shing Lee BUSA 499 Capstone October 1‚ 2008 Analysis Conducted By Apex [pic] Ryan Boykin Ashley Fiorini Lance Tanaka Matt Webb Executive Summary Apple has demonstrated that innovation can lead to market dominance with products like the iPod. With products such as this‚ Apple has developed a brand that has built a customer base with astonishing loyalty. According to Business week‚ Apple was thirty third for top
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communist China was increasingly isolated from the West‚ and his family didn’t have much money when they were young. Ma was scrawny and often got into fights with classmates. "I was never afraid of opponents who were bigger than I‚" he recalls in "Alibaba‚" a book by Liu Shiying and Martha Avery. Still‚ Ma had hobbies just like any other kid. He liked collecting crickets and making them fight‚ and was able to distinguish the size and type of cricket just by the sound it made. After then-US president
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Alibaba Group was established in 1999 by 18 people led by Jack Ma‚ a former English teacher from Hangzhou‚ China. From the outset‚ the company’s founders shared a belief that the Internet would level the playing field by enabling small enterprises to leverage innovation and technology to grow and compete more effectively in the domestic and global economies. Since launching its first website helping small Chinese exporters‚ manufacturers and entrepreneurs to sell internationally‚ Alibaba Group has
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Barney and Hesterly (2006)‚ describe the VRIO framework as a good tool to examine the internal environment of a firm. They state that VRIO “stands for four questions one must ask about a resource or capability to determine its competitive potential: 1. The Question of Value: Does a resource enable a firm to exploit an environmental opportunity‚ and/or neutralize an environmental threat? 2. The Question of Rarity: Is a resource currently controlled by only a small number of competing
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Introduction 15 years ago‚ Alibaba is only a small company founded by a group of 18 people. Nowadays‚ Alibaba has been grown as a Chinese e-commerce empire across electric commerce‚ finance industry and wireless industry who also owns 10 subsidiary companies. Besides‚ the most important resource perceived by Alibaba which called Alibabaer‚ employees of Alibaba‚ has been grown to 24‚000 people (February‚ 2014). In the same time‚ as a untraditional company‚ Alibaba has established a strong company
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Alipay is China’s leading third-party online payment platform. It was launched in China in 2004 by Alibaba Group which founded by Jack Ma. Alipay refers as a wallet for user’s digital life. It is a mobile or web app providing an easy and secure way for millions of individuals and businesses to make and receive payments on the Internet. Up until December 2014‚ Alipay had more than 300 million registered users and around 8 million transactions are made daily. Hence‚ Alipay is a key catalyst in the
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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? 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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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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1. Introduction Alibaba Group is the world’s outstanding business-to-business e-commerce service company‚ which provides an efficient online trading platform for buyers and suppliers all over the world. It is China’s largest e-commerce group which was founded by Jack Ma in 1999‚ and has developed into seven affiliated groups‚ namely Alibaba International Business Operations‚ Alibaba Small Business Operations‚ Taobao Marketplace‚ Tmall.com‚ Juhuasuan‚ e-Tao and Alibaba Cloud Computing (News‚ 2012)
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