Alibaba founded in 1999, is the world’s largest online business-to-business trading platform for small businesses.
Founded in Hangzhou in eastern China, Alibaba.com has three marketplaces. The company’s English language international marketplace (www.alibaba.com) serves to bring together importers and exporters from more than 240 countries and regions. The China marketplace (www.1688.com) is developed for domestic business-to-business trade in China. It also has a Japanese marketplace (www.alibaba.co.jp), which is focused on facilitating trade to and from Japan through an associated company.
Generally speaking, Alibaba originally looked like a huge exhibition on Internet, thousands of suppiers put their information on that platform, making easier access for buyers of far distance. At that first stage, Alibaba servered as a platform of trading information exchange. Later, Alibaba developed other service such as payment solution, third-party ganrantee,etc, which supports each part of the trade, thus facilitates trade.
Alibaba's success rooted on its first move in the market of E-commerce. As the early bird of that market, it has developed other service and build up own brand name. I believe it is much difficult for later competiters who intent to copy Alibaba's route to success.
1 comment:
alibaba.com is also very popular in Bangladesh. I am from Bangladesh and i just visited the website. The site is so popular and familiar to us that I knew this is developed and originated in Bangladesh!
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