2. History about Alibaba
In 1995, an English teacher called Jack Ma
first time went to the United State. He
worked as a translator when he was in
America. At that period of time, one
person displayed the internet to him and
told him that everything could be found
on the internet. Ma was interested in it
and then he searched beer. However,
there were no results. In fact, he could
barely found anything about China on the
Internet at all. When he backed home,
Ma decided to set up China Pages, an
almanac of numerous Chinese firms
looking for customs abroad, the nation's
first internet business. Nevertheless,
China Pages was a failure. Four years
later, Ma tried another internet business.
This was his second company called
Alibaba.(Onfro, 2014)
(youtube)
3. TaoBao – Alibaba’s marketplace for
sellers with more than seven million
.Users are free to use the service and
even sellers can list their items for free.
Alibaba.com – enables sales between
importers and exporters from more
than 200 countries and regions.
Tmall.com – Started in April 2008,
Tmall is the website which sells global
and elite brands.
Alipay – Alipay.com is a third-party
online payment platform. The best part
is that there is no transaction fees
involved. Alipay controls 50% of China’s
600 million online payment accounts.
(yourstory, 2014)
(Form F-1 SEC Filing of Alibaba, 2014)