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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of Economics Bachelor´s Degree Program in International Business Mikkeli Campus September 3‚ 2012 Matti Uusivirta Introduction In this report I will examine the case “Alibaba: Competing in China and Beyond.” Alibaba under the leadership of Jack Ma‚ its founder has transformed into one of the most successful e-commerce companies in China. In the 2000s Alibaba had emerged as the largest e-commerce company in China. The company tailored its strategies to meet the needs of the customers
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Introduction In 1999 Jack Ma was living in a small apartment with his wife in Hangzhou‚ China‚ when he came up with the idea for Alibaba. That little idea‚ of course‚ evolved into one of the biggest tech companies on the planet and made Ma a billionaire many times over. Just like the garages where Hewlett-Packard‚ Apple and Google were started‚ the apartment in Hangzhou is now a shrine—another sacred spot in the tech world. Alibaba.com is the flagship company of Alibaba Group‚ is the world’s
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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 business. Jack also noted that the line between individuals and small businesses are blurry‚ meaning that he knew that once eBay had hold of the individual
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The Alibaba Group also operates through its affiliated entities. It operates in more than 70 cities‚ employing more than 22‚000 employees. The region of Alibaba group operating includes Japan‚ China‚ Taiwan‚ Hong Kong‚ the United Kingdom‚ India‚ Jack Ma‚ and the United States. The first commercial website was launched in China by the founder of Alibaba. This term paper aims to discuss the trade barriers of Alibaba.com and how it has created its value chain in the marketplace (Fan‚ 2008). As
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Case write-off Alibaba Group Introduction: Jack Ma‚ who has a foreseen‚ started the Alibaba Company after his visit to U.S. He found that China jump into the online commerce market really soon. The company was focused on B2B business and its initial goal is to help small Chinese manufacturers connect with buyers. Alibaba grew quickly and still growing. It launched several wholly owned subsidiaries‚ such as Taobao‚ Alipay‚ Alisoft. Alibaba group is considered to be a huge success among
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ALI FARHOOMAND rP os t HKU776 ALIBABA.COM op yo China is a place where miracles are made. - Jack Ma‚ founder and chairman of Alibaba Group1 tC On 6 November 2007‚ Alibaba.com debuted on the Hong Kong Stock Exchange‚ raising US$1.5 billion to become the world’s biggest internet offering since Google’s initial public offering (“IPO”) in 2004. A frenzied purchase of the stock pushed prices up by 193% on the first trading day‚ making it the fourth-largest first-day gain in Hong Kong’s stock exchange
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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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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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paying members In November 2007‚ Alibaba launched on the Hong Kong stock exchange and raised HK$13.1 billion (US$1.7 billion) in gross proceeds before offering expenses making it the largest Internet IPO in Asia and the second largest globally. Jack Ma‚ the founder of Alibaba‚ first saw the Internet in 1995 and when he went to Seattle as an interpreter for a trade delegation and a friend showed him the Internet. They searched for the word “beer” on Yahoo and discovered that there was no data about
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