The Alibaba Group traditional market place has seen little change over the past few 100 years. You got a buyer, you got a seller. This then leads to transactions. But over the past few decades, things have begun to change at an unprecedented pace. And perhaps no company is shaping that experience more than Alibaba
Alibaba is one of the world’s largest retailers. The company has more than five hundred people using its shopping apps every month and if you are thinking its scale is limited to china it has operations in more than 200 countries. The company was founded by CEO Jack Ma in 1999 with 17 other people. And he knew he was onto something big.
Alibaba set the record for the biggest IPO in history which took place at the New Year Stock Exchange in 2014. And this year Alibaba was the first company in Asia to exceed the $400 billion valuation mark, an honor that had previously only been held by American companies.
Alibaba is amongst other global e-Commerce giant transforming the market place
The company Alibaba Group is formed from three main sites, Taobao, Tmall, and Alibaba.com. combine they have hundreds of millions of users, and host millions of merchants and businesses. This means they can be pretty much be used by anyone, anywhere, for anything. So for buying, selling, digital payments, and even financing, you can do it all from the Alibaba platform. And Alibaba now includes a company, a messaging app, a movie studio named Alibaba Picture, and more.
Alibaba’s growth is primarily fueled by Chinas massive population and rising bourgeoisie, but Jack Ma wants world domination for the corporate. That’s why Alibaba is investing heavily in companies in another market as well, most of which are also being purchased by Amazon.
The marketplace as we know it has changed forever. And it’s likely getting to be companies like Alibaba which still lead its evolution.
Now one great news that the co-founder of this company that is Jack Ma is missing for the past 2 months. Nobody knows where he is at present.
In a business conference, he criticizes the Chinese banking system because of which his company investigation gets started and allegations start arising. Also, he was planning to launch an IPO which was cancelled by China. Also, he missed the grand finale of his own show. It is not the first incident of disappearance of Chinese personality in China infect there many other examples too.
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