Alibaba enters US online retail space

Ian
By Ian
1 Min Read

Alibaba is exploring new turfs. Would Amazon/eBay feel the effect?

A Reuters article says that Alibaba, the Chinese e-commerce giant is foraying into American soils. Amazon and eBay are the major players in the USA today. And there is a lot of speculation on whether the Chinese counterpart would be a significant player. 

Alibaba’s USP is a wide range of products, including “one-of-a-kind items, not available at mass merchants and other large e-commerce site”, according to the company. The interesting aspect here is that Alibaba is an invitation-only marketplace. 

Industry experts say Alibaba’s IPO is expected to raise more than $15 billion – the most since Facebook’s IPO in 2012. 

Jack Ma’s Alibaba controls 80 percent of all online retail in China, handling about $250 billion in 2013 – more than Amazon and eBay Inc combined. Hmmm! 

Image: Internet

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