The amazing story of Alibaba’s growth is one of the most important things for you to know, as it will not only inspire you to believe that nothing is impossible but will also teach you few lessons on the tactics to dominate in the e-market place.
Alibaba is one source of destination for almost all goods that you can think of purchasing online right from current fashion trends for men to the new fashion styles for men, it is one stop place for all your needs from end-to-end. Let us see what were the key for strategies Alibaba’s Jack Ma adopted to shelve itself from e-competition.
1.Alibaba, the Chinese e-commerce giant actually started trading on the New York Stock Exchange today under the listing BABA. It raised around $21.8 billion, making it one of the largest IPO in the history of the US stock market.
2.The company employs about 20,884 people – more than Yahoo and Facebook combined. It nearly dominates the Chinese market with over 60% of the packages that is delivered in China and roughly 80% of all e-commerce transactions! The company engages nearly 231 million annual active buyers that orders 11.3 billion worth of goods per year from more than 2.8 million supplier online storefronts and more than 5,900 product categories!
3.Alibaba blocks China’s search engine from searching inside Taobao and Tmall, the two of its most popular web stores! While Google shows you the results that are cached from the products listings of Flipkart or Amazon but the Chineses search engine simply cannot do that. This strategy forces online customers to flock to the webstores to search the e-goods, this is then commercialized as it then sells the space and ranks for advertising and displaying goods.
4.While Apple was started by Steve in a family garage, Facebook (FB) by Mark from a Palo Alto house as a hacker’s den, the Alibaba was started by Jack from a small Hangzhou apartment in 1999 where its first employees slept, ate and worked around the clock at the house!
5.Jack Ma always had the desire to learn English, when he was 12 years old he used to guide foreign tourists and learnt the valuable English lessons from them for free for subsequent 8 years!