China International Electronic Commerce Center

1156 Words5 Pages
Mr. Ma was born in China in 1964 and graduated in English 1988 to become a teacher. He was exposed to several opportunities for instance going to America to gain knowledge about the use of internet. Ma borrowed 2000$ from his relatives to launch China’s commercial website called China Pages. He moved to Beijing in 1998 to work for the Ministry of Foreign Trade and Economic Cooperation as the head of International Department of the China international electronic COmmerce Center and designed their first government website for China. By gathering a total of 18 friends, he explained to them what he visioned and compensated them Rimini- which is the currency chinese use. In 1999, Alibaba was launched registered in Hong Kong with the 60000$…show more content…
Creator of Yahoo! Search engine, John Wu, joined Alibaba and Jack Ma appointed him as the Chief Technology Officer of Alibaba. It became the world 's largest online global trading with 2000 members and 70% was chinese. This lead to many e-commerces ventures in China based on the popularity it was receiving. Alibaba focused on SME’s and became its WTO to help small and medium Enterprises grow. Because the internet was getting well liked by the people of china, Alibaba became known to be the largest online business to business trading platform for the small businesses. Their products and services included electronics, apparel, auto and transportation 's, electronic payment services, logistics operations, etc., was their chinese portal that offered domestic business to business trade internally in China., was their transaction based reati website that gave buyers the opportunities to buy small goods at a wholesale prices.. With their operations based in China, although it has grown to be a global organizational platform, it focused on china as their main target.

4 main challenges
Competition in the eCommerce Market: 1600 employees in sales departments that helped built their supplier community.
Dotcom Bubble Burst: companies filed for bankruptcy since revenues were dropping from internet advertising. By initiating the B2C strategy, Alibaba was back to business stronger than ever. The B2C involved 1) Back to China-
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