Alibaba Infographic

Posted by david on Dec 11, 2014 in Blog | 0 comments

Although Chinese e-commerce giant Alibaba, along with payment option Alipay, counterpart to Paypal, and its online marketplace Tmall, aren’t yet household words in North America like eBay or Amazon, its impact around the world will be epochal not only in terms of exponential growth in e-commerce but potentially even more important, further ground-breaking  innovation in online marketing and sales.

Here’s an infographic on Alibaba released by Issa Asad, CEO of QLink Wireless and best-selling author, on the importance of Alibaba and dynamic e-commerce growth in China.  On Singles Day November 11, otherwise known as ‘double 11’), China’s consumers day, the shopping frenzy netted for Alibaba over US$9 billion in transactions.

Recall meeting founder Jack Ma in 2000 when his company was starting out and thinking it’s just another .com start-up and it will be a big slug for them going forward.  Well, look at it now!   Had I known what a phenomenon it would become, would have bought as much Alibaba stock as I could.

Founded by Jack Ma in 1999, Alibaba is the world’s largest e-commerce marketplace and provides C2C, B2C and B2B sales services. The company also owns Tmall, which is similar to US Amazon.  With 70,000 brands and 180 million buyers, Alibaba is larger than both Amazon and eBay. It is still growing thanks to China’s high-speed e-commerce market, which is currently outpacing other emerging markets like Brazil and India.

In September 2014, Alibaba made its first significant appearance in American headlines when its IPO shattered world records and raised more than $25 billion.

E-commerce spending in China is expected to reach $400 billion in 2014. By 2020, China’s e-commerce market is expected to be twice as large as the UK, the United States, Japan, Germany and France combined, with $1,847 billion in total revenue.

– PRNewswire