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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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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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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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. 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 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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Case Study: Alibaba 1. Identify a product you would like to import. Visit www.alibaba.com‚ go to the advanced search field‚ and enter it. Select required criteria and click on “Search.” Review the list of companies that qualify. Find a suitable seller. Analyze this process for ease‚ usefulness‚ and potential value. I was looking into importing Football jerseys for semi-pro football teams here in the United States. During the search process of the entire venture was very simple it is all
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e-finance has been dramatically increasing based on e-commerce. The Alibaba group can be regarded as the representative which is the one of the most successful e-finance and e-commerce organization in China. The e-finance division of Alibaba aims to build a Chinese e-finance territory according to external financial innovation based on internet platform‚ e-commerce platform and mobile network platform. In 2013‚ June 13th‚ Alibaba has launched Yu’E Bao which means “savings balance treasure”. It is
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As mentioned above‚ due to the centralized power‚ the central management of Alibaba maintained its initial corporate culture which is the key cohesive force in enterprise‚ ensuring that every decision would not deviate from the company’s target and that strategies are for its long-term performance. However‚ due to this unique structure
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