Sunday 21 September 2014

Alibaba

The company's

  1. Taobao website, similar to eBay, enables small businesses and individuals to sell goods. 
  2. Its Alipay is akin to PayPal, with payments released only when goods arrive, a benefit in a low-trust society like China. 
  3. Its Tmall site lets global brands sell goods online à la Amazon.
  4. Much of Alibaba's business mirrors Google's highly profitable business model of selling search advertising.
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