In the 90s ,E-commerce companies were emerging in the world which had plan to target B2B (Business to Business), B2C (Business to Consumer ), C2C (Consumer to Consumer). In the race of that , Amazon has been successfully ranking top e-commerce company from USA which is generating trillions of revenue every year. After that ebay , walmart and other e-commerce companies came to exist in the market .
If we talk about India ,Indiamart is competing with these companies which deal from manufacturer to wholesaler on the platform . Flipkart is not less performing well in the market of India But we are talking about Alibaba which was cofounded by Jack Ma and company also called Amazon of China which is core competitor of Amazon. The major target for the both companies are same but why Amazon is far better than Alibaba? The answer is expansion of marketplace ,yes Amazon has grown its business network in all over the world except China but Alibaba is simply operating in China and partially in other part of the world .
Jack Ma ,founder of Alibaba is living peaceful life behind glamour world .There was many rumour that China made Jack Ma disappeared from China but after many years He was spotted in Bangkok and living good and simple life . The company having new CEO called Daniel Zhang who making Alibaba in new height of growth.
Alibaba current share price is 86.30 HKD whereas Amazon is currently being traded at 141.62 USD . The growth ration of Alibaba in terms of market share is not that great but sooner or later it will create more business magic as its contributing well in China Market.
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Article Reference: https://blurtbharat.blogspot.com/
