Alibaba Group Holding Limited is the largest China’s online business organization that gives purchaser-to-customer, business-to-buyer and business-to-business deals administration by means of online interfaces. This website started in 1999 when Jack Ma established the site, with the main objective of providing Chinese industries a major expansion to the outside world. It has its headquarters in Hangzhou, Zhejiang, China. In the year 2012, two of Alibaba’s gateway dealt with 1.1trillion yuan ($170 billion) in sales (Berkeley, 2013). At the shutting time on the date of its first sale of stock (IPO), 19th September, 2014, Alibaba’s reasonable worth was US $231 billion (Baker, Toonkel, Vlastelica, 2014). However, the stock has exchanged down …show more content…
Here are some unmistakable illustrations: -
- Alipay – Online Payments
- Aliyun – Cloud Services
- Aliyun App Store – mobile Apps
- Taobao – Consumer to consumer E- Commerce (Matteson, 2014)
3. Alibaba’s website involves 60% of package delivered in China: - Alibaba has been an aid to bundling and transportation industry and framework that backings it. Six out of ten bundles sent out of China are sent through one of the Alibaba website. It has been anticipated that the Chinese web based business would genuine outperform that of US, Britain, Japan, Germany, and France joined in the following six years meaning considerably more potential (Matteson, 2014).
4. Company founder Jack Ma started the company from his apartment 15 years ago: - Jack Ma is the Chairman of Alibaba.com, He was the man in real words. He, once was called upon a meeting with his friends. He decided to open the business of E – Selling, he asked everyone, who wanted to take part into this to put money on the table, with this money he decided to make his dream business possible.
5. Alibaba projects a people - oriented culture: - Despite of being a huge organization, Alibaba did not forget to take its devotion to individuals – both clients and workers. Its gathering mission is “to make it simple to work together anyplace.” We all know that Alibaba can make billions, just by dealing with the business. But, it wants to be responsible to the individual customers also.
Nowadays, high-speed development of the technology has changed the daily life and the computer and the Internet have become the mainstream in China markets. The expansion of the Internet rapidly leads the e-commence to develop and change the operation way of Chinese business. At present, there are many people who want to start-up a business on their own. Ma seizes the opportunity to establish a great stage ‘Alibaba’ for
Currently, the company is a global giant, in terms of its ability to move goods. Also, the company is highly visible and easily recognized. Over the years, it has become the world’s biggest package delivery company. However, it has also evolved to offer many other offerings and services. On a daily basis, the company operates and manages how goods and information are shipped throughout the world.
The biggest problem of Alibaba Corporate Governance is management powers, because Alibaba Corporate Governance structure lack of stockholder rights and independent board representation to select board members and have a nominal in the management of the company. Although the board of directors in publicly traded companies always fail in their responsibility to protect the interests of shareholders. Alibaba has deprived even this minimal power ways from shareholders which isn’t sufficient respect of shareholder rights in the structures being proposed. In Alibaba has a permanent lock on control of the company but hold only a small minority of the equity capital known as the Alibaba Partnership. This
Read the case carefully and answer the following questions: 1.Till 2005, eBay EachNet was the leader in the Chinese e-commerce market, controlling more than half of it. But eBay EachNet soon lost its market leadership position to Taobao.com (Taobao). In this context, analyze the reasons that can be attributed to Taobao’s edge over eBay. 2.a. To enable people to trade with each other, Pierre Omidyar created a marketplace in September 1995 which was later called eBay. By mid 1997, eBay received one million page hits per
In 2014, Alibaba accounts for about 80 percent of all online retail sales in China, with 279 million annual active buyers and 14 billion orders. Its gross merchandise volume(GMV) surpasses the combined total of Amazon and eBay, recorded an enormous amount of $248 billion, which was 11 times the GMV of the second player in the field, JD.
Alibaba’s sites have currently reached over 65 millions of registered users, hosted over millions of merchants and businesses globally. In 2005, its revenue had reached over approximately US$100 millions. Although China’s gross domestic product
Alibaba Company is the largest online business in the consumer e-commerce with online payments, cloud computing, and business-to-business market places that reach to users of the internet in countries and regions not less than two hundred and forty. The company culture is based on the shared vision, mission, and value system. These act as the subsidiaries and the cornerstone of the Alibaba Company. The company focuses much on its core values that are the customers, cooperation and teamwork, passion, integrity, change embracing and employees honoring their job.
According to experts, China would become second-largest economy by 2015 and the largest by 2039. Inter-Asia trade projected at growth rate of 16.8 percent annually through 2005 and air cargo market expected to grow at 30% annually over five years in China. Both FedEx and UPS mostly focused on the import/export package market which was nearly $1 billion rather than on the intra-China domestic market which was approximately $800 million. Moreover, the
Alibaba should introduce more riskless project work for the staff which need more affiliation. As they are less willing to take risk, they would prefer stable and certainty task. Furthermore, they can interact with each other and build team spirit through the project. Hence, they are motivated to work which increase their productivity.
The Alibaba group has thrived in the Chinese e-commerce sector from its inception in 1998. They currently account for over 70% of online shopping in China and delivered annual revenues of $636 million in the 12month period ending June 2009 (case p1-2). Alibaba’s successes are due to multiple factors that have allowed them to create corporate advantage, and thus establish market leadership in China (Case p1). The configuration and coordination of Alibaba’s
Founded just before the turn of the millennium in Hangzhou, China, Alibaba Group has to date become the largest online retail website worldwide in the planet, its total transactions surpassing the sum of both Amazon and eBay’s (Erickson, 2013). The report explains its business and operation model and market strategy, before moving to explore the reasons for Alibaba Group’s success such as its established market share in the large market of Mainland China and its efforts to promote the perception of the reliability and security of e-commerce. Comprising of its future plans in logistics improvement, expansion into developing nations, integration with social networks, venture into mobile
In year 1999, Jack Ma who was a former teacher and his 18 friend in his Hangzhou apartment built up Alibaba group. At first, Alibaba working for the small manufacturers set up a B2B (business to business) website. But then Alibaba group was quickly expanded until seven different group, for example, Alibaba International Business Operations, Alibaba Small Business Operations, Tmall, Taobao, Alibaba Cloud Computing, Juhuasuan and Etao.
Alibaba Group is the world's outstanding business-to-business e-commerce service company, which provides an efficient online trading platform for buyers and suppliers all over the world. It is China's largest e-commerce group which was founded by Jack Ma in 1999, and has developed into seven affiliated groups, namely Alibaba International Business Operations, Alibaba Small Business Operations, Taobao Marketplace, Tmall.com, Juhuasuan, e-Tao and Alibaba Cloud Computing (News, 2012). Besides, Alibaba Group has more than 24,000 employees in 70 cities which scattered in China, India, Japan, Korea, the United Kingdom and the United States (News, 2012).
In the 1990’s, there was around 100,000 state owned enterprises (SOE) in China and over half of them were losing money. Since 1992, most of the SOEs were given freedom to reform and extensive new investment was required for the action. IPO is one of the effective channels to raise capital in the market. Beside the Shanghai Stock Exchange and the Shenzhen Stock Exchange, SOE also sought listing out of the PRC and Hong Kong became their first destination.