Business Empire On Internet

On July 28th, 2007, an application was submitted to the Committee of Hong Kong Stock Exchange

. Three months later, the constituent Alibaba Network Technology Co., Ltd., an Internet B2B (business-to-business) company, successfully finished the IPO procedure and learn mandarin listed on the Stock Exchange of Hong Kong.

As a subsidiary of Alibaba Group, Alibaba.com is Chinas leading B2B e-commerce company. According to the general user access, either the international websites (www.alibaba.com) for global import and export enterprises, or the domestic website (www.alibaba.com.cn) for internal sellers and buyers, shows that the company is one of the most welcomed trading platforms of B2B mode. By the end of 2008 the register users of the Alibaba international station as well as the domestic site has reached 38.1 million. Alibaba has been rated by Alexa.com as the most popular site for international trade and e-commerce, also for seven consecutive years named as the Best B2B Web site by Forbes Magazine.

By the investment of the Alibaba Group, Taobao, committed to build the worlds leading retail district in Internet, is found in May 10th of 2003. The business of Taobao ranges operational across two major parts: C2C (customer-to-customer) and B2C (business-to-customer). As of December 31, 2008, Taobao has 98 million registered members, covering the vast majority of Chinas net purchasing crowd. The transactions in 2008 amounted to 99.96 billion Yuan, shanghai learn mandarin accounting for 80 percent share of Chinas Internet purchase market. Since its establishment, the ecosystem of e-commerce set up by Taobao has made more than one million network sellers to witness the rapid growth of the Chinese Internet users.

Jack Ma, the founder of Alibaba Group has successfully paved a unique way for localized e-commerce in China. To build a business empire on Internet, he gave his company a name with universally understanding in different culture; he satisfied Chinas urgent need for many SMEs that they are lack of a information and trading platform. He created the Chinese Paypal, AliPay, settled by RMB, as a third-party intermediary to provide security for the payment. While Paypal took ten years to accumulate 180 million users in 190 countries in the world, AliPay reaches the same scale just in half time by virtue of the Chinese market. The latest figure shows that the Alipay users have exceeded 200 million, which has become the worlds largest third-party payment platform.

Recently, the Alibaba Group considers connecting the area of Alibaba B2B business platform and the personal consumption C2C Taobao platform to build a new model of B2B2C commerce. The idea is that the Taobao sellers purchase a large number of goods directly from SMEs, and then sell to domestic consumers. As the global economic downturn in mandarin classes international markets leads to a sharp fall in consumer demand, export-oriented SMEs that heavily rely on overseas markets suffer from a great reduction of their business. A well behaved B2B2C platform will speed up transformation, lower the cost, promote SMEs to upgrade their e-commerce development, and create conditions and good environment for trading.

by: Mandarin Morning

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