...ALIBABA Group Holding Brief History. Alibaba cooperation is a global wide Internet company founded by Jack Ma, Chinese name Ma Yun.Although Alibaba was founded in 1999, the story of how the company came to be actually dates back to 1995, when Jack Ma was on a trip to the U.S. and first became exposed to the Internet. As the story goes, he tried searching for the word "beer" on Yahoo but the search results did not turn up a single Chinese option. In fact, he could hardly find anything about China on the Internet at all. After returning home, he founded a company called China Pages - a directory of various Chinese companies looking for customers abroad. China Pages was a flop. But a few years later, Ma took another stab at an Internet business. With a group of 17 friends and $60,000 of funds, Alibaba was born. [Baidupedia Web] Within only 15 years, Alibaba became the largest e-commerce company in the world, with approximately $300 billion in annual gross merchandise volume ("GMV") - or nearly 1.5 times the combined GMV of Amazon and eBay. In fact, more than three out of every four dollars spent online shopping in China goes through its platform, which should come as no surprise given that Alibaba's user base is nearly equal to the entire population of the U.S. Alibaba's "ecosystem" is made up of three leading Chinese online retailing platforms: (1) Taobao.com, China's largest online C2C shopping site; (2) Tmall.com, China's largest third-party...
Words: 1544 - Pages: 7
...Traded as | NYSE: BABA | Founded | 4 April 1999; 17 years ago Hangzhou, Zhejiang, China | Headquarters | Hangzhou, Zhejiang, China | Area served | Worldwide | Founder(s) | Jack Ma | Key people | * Jack Ma (Chairman) * Daniel Zhang (CEO) * Joseph Tsai (Executive vice-chairman) | Industry | Internet | Products | E-commerce, Online auction hosting, Online money transfers, mobile commerce | Services | Online shopping | Revenue | CN¥76.204 billion (2015)[1] | Operating income | CN¥22.716 billion (2015)[1] | Net income | CN¥24.261 billion (2015)[1] | Total assets | CN¥255.434 billion (2015)[1] | Total equity | CN¥146.097 billion (2015)[1] | Employees | 34,985 (March 2015)[2] | Subsidiaries | Guangzhou Evergrande Taobao F.C., Taobao, Tmall,UCWeb, AliExpress | Slogan(s) | Global Trade Starts Here | Website | alibabagroup.com | Alibaba Group | Simplified Chinese | 阿里巴巴集团 | Traditional Chinese | 阿里巴巴集團 | [show]Transcriptions | | Alibaba Group Holding Limited is a Chinese e-commerce company that providesconsumer-to-consumer, business-to-consumer and business-to-business sales services viaweb portals. It also provides electronic payment services, a shopping search engine and data-centric cloud computing services. The group began in 1999 when Jack Ma founded the website Alibaba.com, a business-to-business portal to connect Chinese manufacturers with overseas buyers. In...
Words: 5906 - Pages: 24
...literally out of the corner of my eye I saw something interesting. I walked around the corner to find Depression Bread Line, by George Segal. The sculpture was about six feet tall by about seven feet long and depicted five men standing outside of a closed door in a bread line during the depression. From a distance, looking at the piece as a whole, I could see the forms of poor men waiting their turn for a few morsels of food. They are dressed in long shabby coats, and hats with broken brims. As they stood with their heads down hands in their pockets, I was given the impression that they were cold, tired and probably dirty. When I moved around to the front of the piece the emotion became even clearer. The men’s faces were drooping and sad. They were the faces of beaten men, down and out, standing in a place they never thought they would be, doing what needed to be done to feed their families. Similar to the photo, Migrant Mother, Nipomo Valley, this close up view shows that the coats are clearly torn and that the men are wearing tattered scarves, clearly showing the signs of hard times.1 The scarves also help to reinforce the cold, again showing what these men were willing to go through to feed their families. The close up view from the front shows that the artist did not give detail to the...
Words: 735 - Pages: 3
...Chinese biggest e-commerce company, with hundreds of millions of customers buying products from three main sites: Taobao, Tmall and Alibaba.com. Since the development of Alibaba, the company has established a leading in the e-commerce, online payment, B2B online marketplace and cloud computing business. They provide a platform for small businesses and individual entrepreneurs to open online stores that mainly cater to consumers in China and abroad as well. I think they will grow over the next five or ten years with the 564 million Chines internet users. Furthermore, Alibaba is improving their business to comprehensive level. They have invested in some high-potential companies that could fuse well with its e-commerce business. To face the competitions from the companies in the same type, I agree with that they are going to make a virtual world to further reduce the competition. Moreover, while fighting to stay at the front line in Chinese e-commerce, Alibaba has ambitions of going international. Its initial strategy to bring Taobao abroad is clear: target Chinese users outside mainland China. As the mere description in Part 1, expanding to Korea with wholly owned model is the best way for a company like Alibaba. I think Alibaba’s main goal is maintaining their status in Asian by entering Korea. Alibaba’s intermediary model has replicability, which provides samples for other competitors to enter the industry, also increased their own competitors. It’s easy to enter...
Words: 3008 - Pages: 13
...What will he do with this information? A DOZEN big screens hang on the wall. Maps flash. Numbers stream by. The Alibaba Group’s “live data monitoring room” offers a snapshot of frantic activity: Chinese firms trading with foreign ones; Chinese individuals buying clothes from each other. Perhaps half a billion people use Alibaba’s various online services. The group’s diminutive founder, Jack Ma, smiles that business is “pretty good”. Yet he is far from satisfied. In a country where tycoons are often the children of politicians, Mr Ma stands out. He failed twice to get into college. He learned English from the radio. He stumbled on the internet during a trip to America as an interpreter in the mid-1990s. He typed the phrase “Chinese beer” into a search engine. No results appeared. He saw an opportunity. He started Alibaba in 1999, to help small firms find customers and suppliers without going through costly middlemen. Alibaba.com now claims to have 57m users, including some in nearly every country. It is sometimes likened to eBay, but is more like an online Yellow Pages. Related topics * China * Science and technology * Internet * E-commerce * Business Another venture, Taobao.com, sells to consumers. It has 300m customers and shifted $29 billion-worth of goods in 2009. It is like a scrappy cross between Amazon and eBay: it operates an online mall where vetted sellers can hawk their wares, and a site where anyone with a Chinese identity...
Words: 1037 - Pages: 5
...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. Describe what happened (external) Political and legal : the government impose laws to control the e-commerce business like license, permission and approval from alibaba and its users.Furthermore, the transactions conducted through its cross-border marketplaces may be subject to different and customs and import/export rules and regulations. In addition, Alibaba faces the challenge of complying concurrently with the compliance rules and regulations of multiple jurisdictions Economic : there is an increase in tax for each online sellers. The company recorded revenues of( $8,526.6 million) ended March 2014,an increase of 52.1% over 2013. The operating profit of the company ($4,047 million) in 2014 as compared to an operating profit of ($1,746 million) in 2013. Social : Alibaba faced a problems when they sell their products in both China and foreign markets. Customers believe that Alibaba products is not quality and they sells fake goods. Project suggests that 70% of Americans do not trust prescription drugs from China. Technololy : the education level in alibaba may not high requirement. He says the company didn’t need and probably didn’t adequately train (Ma, 2011) Analysis (PEST) First, government impose...
Words: 433 - Pages: 2
...Alibaba, Jack Ma, who took the business world by storm with the largest IPO, exceeding the amount of 20 Billion dollars (CNBC, 2014). Despite being born in an underprivileged family, Jack Ma’s strong will to achieve his goals lead him to become one of the richest man in the world. Jack Ma’s success story is an inspiration to young adults, as it reinforces that dedication and hard work is the key to success. Jack Ma was born on 15th October 1964, in Hangzhou, China. He grew up in communist China with two siblings and strict parents (Stone & D’onfro, 2014). According to an article in Business Insider, Jack Ma often got into fights while growing up and he was never afraid of his opponents (Stone & D’onfro, 2014). He grew up during China’s cultural revolution and did not have the privilege to learn English. However, as China was opening up to the West, he saw an opportunity to learn English from the tourists who were visiting China. Every morning Jack Ma rode his bike for Forty minutes to get to the nearest tourist spot, so that he could learn English from the foreigners in exchange for a city tour. His dedication to learn English paid off, when he finally became an English teacher, after being rejected from KFC and dozens of other jobs (Stone & D’onfro, 2014). Life after High school was not any easier for Jack Ma. He flunked twice in the entrance exam, but he had a strong will to attend college in order to become an English teacher. So, Jack Ma worked hard for...
Words: 1052 - Pages: 5
...Alibaba Goes Public I. Executive Summary Alibaba competes in the e-commerce industry with a focus in China. The main service offering in the e-commerce industry is to provide an online marketplace that links buyers and sellers across a wide breadth of product lines. The ability to connect buyers and sellers on an accessible platform allows market constituents to engage in trade opportunities to which they previously would not have access. II. Key Factors Alibaba Group had the pioneer advantage and gained a significant share of the Chinese e-commerce industry. Its core value proposition of connecting “small and medium-sized Chinese manufacturers” has been dramatically revised as a result of the business’ rapid growth to suffice customer needs. Categorizing their business units according to the profile of the vendor, the Alibaba Group has established market exclusivity in an effort to segment their vast consumer market. Segmenting their market allowed the firm to expand their consumer base, while strategically positioning themselves competitively and avoiding the risk of cannibalization across their services. To support the large extent of commerce, the business units are supported by peripheral services, Alipay and Yu’e Bao, which structure Alibaba’s main service offering. Alibaba Group strengthened the value of their existing service offerings by providing an escrow service, Alipay, to reduce the risk of online purchasing. This supporting service is a response to the...
Words: 2369 - Pages: 10
...accompanied her on the guitar. Their favorite location was in front of the White Elephant Saloon at Thirteenth and Elm streets in the heart of the city’s African American community. Her older brother, Clarence left home in 1904 to join a small traveling troupe owned by Moses Stokes. “If Bessie had been old enough she would have gone with him,” Clarence’s widow, Maud, said. “That’s why he left without telling her, but Clarence told me she was ready, even then. Of course, she was only a child.” 334 Clarence returned to Chattanooga in 1912 with the Stokes Troupe. He arranged for its managers, Lonnie and Cora Fisher to give Bessie an audition. She was hired as a dancer rather than a singer, because the company also included the unknown singer, Ma Rainey. Bessie eventually moved on to performing in various chorus lines, making the 8"81" Theater in Atlanta her home base. She became its biggest star after signing with Columbia Records. She moved to Philadelphia in 1923, and began her recording career. There she met and fell in love with Jack Gee, a security guard. They married June 7, 1923, just as her first record was released. During the marriage, which was stormy with infidelity on both sides, Bessie became the highest paid black entertainer of the day, heading her own shows, which sometimes featured as many as 40 troupers, and touring in her own railroad car. Gee was impressed by the money, but never adjusted to show business life, or to Bessie’s bisexuality. In 1929, when she...
Words: 4886 - Pages: 20
...B2B案例研習 <<Alibaba>> 課程:電子化採購與B2B 課程序號:09070300 任課老師: 宋培建老師 學生姓名:朱家爵 學號:138354032 Contents * Definition pg.3 * Company Introduction pg.4 * Companies and affiliated entities pg.5-pg.7 * The Growth of Alibaba pg.8-pg.10 * Alibaba Business Model pg.11 * Five Forces Analysis pg.12-pg.13 * Present the Corporation Now pg.13 * Business Environment pg.14-pg.15 * The Financial Analysis pg.17-pg.18 * SWOT Analysis pg.19 * Recommendation for Alibaba pg.20 * Conclusion pg.20 * References pg.21 Definition * E-commerce Electronic commerce, commonly known as e-commerce or eCommerce, is a type of industry where the buying and selling of products or services is conducted over electronic systems such as the Internet and other computer networks. Electronic commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. Modern electronic commerce typically uses the World Wide Web at least at one point in the transaction’s life-cycle, although it may encompass a wider range of technologies such as e-mail, mobile devices, social media...
Words: 5641 - Pages: 23
...1. Background Alibaba Group(Chinese: 阿里巴巴)has operated in Hangzhou which is a e-commerce and e-auction company and specializing in global trading. It was founded in 1999 by Ma Yun operates total six e-commerce sub-companies. Alibaba Group operate different aspects of trading tomakes it easy for anyone to buy or sell online anywhere in the world. Sub-companies which included: 1. Taobao.com: The web site of online auctions for customers. 2. Alipay: The web site of online payments which can process mainly payments in China. 3. Alisoft: To provide the web services to the marketplace of Chinese Small and Medium-sized Enterprise. 4. Alimama: To provide the online advertising exchange, and allows trade online advertising inventory between web publishers and advertisers. 5. China Yahoo! : To provides high-quality basic application services for internet users with a powerful portal with excellent searching engine which including email, IM, information services and so on. 6. Koubei.com: It is the China's largest community’s basic life information exchange such as that on clothes, food, housing and travel. 2. Business Model (1).Revenue Sources The advertisements or payment of members is the main revenue of Alibaba.com. Search the results in the websites by anyone, but if the firms like to sell the products through the platform, they have to be the members of Alibaba.com and need to pay money for it. This is very high profit from the advertisements in...
Words: 674 - Pages: 3
...insinuating that the woman reading this catalogue isn't already beautiful. c. Organization: Chronological Order? iv. "Countdown to Smooth, Glowing Skin" is the very first article, trying to sell the 'TimeWise' collection in order to improve skin to become a pallet for the makeup. v. "The Secret to Flawless Foundation" is the next article in order to create a base for the main makeup. vi. "Timeless and Oh-So-Wearable" is the next article to advertise make-up looks that has been around for a while and that will always been around, the "classic daytime" look. vii. "All Eyes on You" is the next article that advertises mainly eye make-up that pops out along with subtle make-up for the rest of the face, in order to make the eyes pop out even more, for a "stunning nighttime look." viii. "Tools for Tackling Touch-Ups" is the next article that advertises make-up special for touching up, small things on your "big day." ix. "Gift Ideas" is the next article that advertises make-up...
Words: 450 - Pages: 2
...volume of different individual stacks, which is important if different timber products are being sold separately from the one harvesting operation Disadvantages All logs in a stack must be of uniform length and the stack should be built neatly and tidy for easy measurement and accuracy. Large stacking space is required to ensure that all harvested material can be stacked at roadside before any removal is carried out by timber trucks. Length * Width * Height = Volume (unit = m3) Some definitions Stack width The width is the specified length of the timber product in the stack. A number of sample lengths (billets) should be checked to verify the stack width. Stack length Stack length is the average length of the front and back face of the stack. The stack should be measured from the centre point of the outermost billets at one end of the stack to the centre of the outermost billets at the other end. Stack height Stack height is the perpendicular height from the bottom of the stack to the centre of the highest billet at the top of the stack. Average stack height is the average value of a series of height measurements taken along the length of the...
Words: 622 - Pages: 3
...country faces many different disaster threats. Over half of the country’s population is under the age of fifteen. Kava’s economy has a strong production of natural resources, as well as specific foods, such as bananas, coffee, cocoa, sugars and fish. Kava’s economy offers inexpensive, quality labor. Kava has support from the local, state and national government, community based organizations, faith-based groups and businesses in order to grow the economy in the significant island country. The island has a wide variety of ethnicities, creating language barriers because of all the different ethnicities Bluegrass Construction Company, Inc. (BCC) hired me, Nik, to study, synthesize, analyze, and prescribe the best business decisions in order to establish a greater presence of our company in Kava. I have decided to implement a decision-making technique to create an appropriate solution for BCC to overcome challenges in our overall goal of establishing a greater presence of our business in Kava. After visiting the island, seeing the problems our company is facing, and knowing where we want to go with our business in Kava, I think the best course of action is to implement brainstorming as our decision-making technique in order to strengthen our presence in Kava. Analysis of Specific Steps in Applying Brainstorming Through my analysis of the island, the disasters and threats it faces and the potential the island has I think the first step and the greatest challenge we face is finding...
Words: 318 - Pages: 2
...Trustworthiness is Beautiful to Behold Introduction First impressions are of critical importance when two individuals interact. Within seconds, judgments have been made and opinions formed about each other even though neither person has any previous information regarding the other. Often, these perceptions are the results of past experiences and the information from other sources, formulated based on similarities between the person and these sources of information. For instance, many categorizations and stereotypes are created over a period of years from the information we receive from music, television, families, social media, and our peers. One of the most critical factors involved in this decision-making process, physical appearance, greatly influences how we view other people; individuals perceived as more attractive are assigned more positive characteristics. On the opposite end of the spectrum, unattractive people are greatly associated with more negative attributes such as untrustworthiness and incompetence. As Aronson suggests “since we have categorized a person as good-looking or homely, we tend to attribute other qualities to that person; for example, good looking people are likely to strike us as being warmer, sexier, more exciting, and more delightful than homely people.” (376). This is commonly referred to as the Physical Attractiveness Stereotype or the “beauty is good” stereotype. For the purposes of this paper, the relationship between attractiveness...
Words: 1952 - Pages: 8
