Jack Ma‚ An Internet God Father When it comes to China-based e-commerce‚ when we refer to the online-shopping‚ we have to mention the person‚ Jack Ma‚ China’s internet godfather. Jack Ma was born in the city of Hangzhou‚ Zhejiang Province‚ China. He was regarded as a silly guy in his childhood‚ and his mind became blank when he confronted three questions at the same time. He was bad at math but good at English‚ interestingly; his favor for English was because his father felt helpless when he
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Chinese Entrepreneur in the Internet Age --Story of MaYun and Alibaba Introduction In network age‚ the pattern and rate of economic growth experience tremendous changes and starting from the US‚ internet entrepreneurs have become new aristocracies of the Wealth-Bulletin. However‚ commercial miracles of internet industry not only take place in Silicon Valley. And on the ancient east land‚ a young internet entrepreneur has written a new business legend with his vision‚ courage and leadership.
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1. What was Alibaba Group’s motivation for diversifying into the consumer business with the launch of Taobao? Does it make sense? Alibaba Group’s motivation for diversifying into the consumer business with the launch of Taobao was mainly because of the rise of eBay in China. Jack Ma‚ the founder of Alibaba‚ observed that the entry of eBay through EachNet‚ which held an 85% market share‚ was a threat to Alibaba. He was especially concerned that the rise of eBay would encroach their existing B2B
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Alipay is China’s leading third-party online payment platform. It was launched in China in 2004 by Alibaba Group which founded by Jack Ma. Alipay refers as a wallet for user’s digital life. It is a mobile or web app providing an easy and secure way for millions of individuals and businesses to make and receive payments on the Internet. Up until December 2014‚ Alipay had more than 300 million registered users and around 8 million transactions are made daily. Hence‚ Alipay is a key catalyst in the
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analyze the factors that led to Alibaba sustaining its leadership position in the Chinese e-commerce market. Answer First mover advantage: Alibaba started its operations when e-commerce in China was in its infancy stage. Considering the potential of the budding e-commerce market‚ Alibaba started with operations that concentrated on providing B2B services to SMEs that were aspiring to go global. Smart competitive and marketing strategies: From an early stage‚ Alibaba had been focusing on differentiating
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Jack Ma (Alibaba) Zainab Raed Bazroon ID: 2140003961 Section 39 Who is Jack Ma? Jack Ma is an outstanding and great leader who redefines the way of success. Jack Ma led e-commerce in China. As the Executive Chairman and founder of Alibaba Group‚ China’s leading Internet business entity‚ he has been classified as one of the top Chinese entrepreneurs‚ who reached the desired Forbes list in recent years. How he gets started? When he was 12 years old‚ he got interested in learning English. He was
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Taobao Marketplace and Juhuasuan Launch Juhuasuan Overseas Group Shopping Platform in Hong Kong and Taiwan Apr 8 13 Taobao Marketplace and Juhuasuan announced the official launch of Juhuasuan Overseas platform to provide Hong Kong and Taiwan consumers with a dedicated comprehensive group shopping platform offering a wide range of high-quality merchandise and localized lifestyle services selected from Taobao sellers. Previously‚ products offered on Juhuasuan were often only accessible to mainland
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communist China was increasingly isolated from the West‚ and his family didn’t have much money when they were young. Ma was scrawny and often got into fights with classmates. "I was never afraid of opponents who were bigger than I‚" he recalls in "Alibaba‚" a book by Liu Shiying and Martha Avery. Still‚ Ma had hobbies just like any other kid. He liked collecting crickets and making them fight‚ and was able to distinguish the size and type of cricket just by the sound it made. After then-US president
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Taobao VS eBay in China eBay China eBay‚ as a global company with a global strategy that trades across many nations‚ regarded itself very much as an American company‚ founded in 1995. Under ’ pioneered online person to person trading ’‚ " a web-based community that bought buyers and sellers together " approaches ( Stockdale and Felstead‚ 2010) ‚ currently the company listing sites in 29 countries and defines the C2C model of e-business around world. eBay has became the dominant online trading
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1. What was Alibaba Group’s motivation for diversifying into the consumer business with the launch of Taobao? Does it make sense? The motivation came from the fear of the rise of eBay in China. It invested US$30 million in EachNet in 2002‚ and at that time‚ EachNet commanded an 85% market share. Just in the following year‚ acquired the remaining 67% stake in EachNet‚ rebranding the site as eBay EachNet. EBay has very big ambition in Chinese market and it is another company that understood Chinese
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