On the verge of on upcoming IPO we thought it would be a good time to look back on China’s most successful Ecommerce company, Alibaba, and see how it captured 80% of the largest Ecommerce market in the world.
Alibaba joined the Ecommerce trend early on back in 1999 and was founded by former school teacher Jack Ma. Its initial offering was Alibaba.com, a B2B portal connecting Chinese manufacturers with overseas buyers.
Shortly after the launch of Alibaba.com in 2003, the firm launched the Taobao marketplace, an eBay like service allowing local Chinese merchants to sell directly to local customers. Taobao, as with other services and platforms of its kind saw raging success and brought upon the release of its own payment system in the form of the now popular Alipay.
Alipay launched a year after Taobao and offered merchants free registration and commission-free transactions using the third-party payment platform. Alipay has since become the most used payment service in China, offering online and mobile payment options to a plethora of physical and online services and products.
The heightened popularity of Taobao and Alipay brought upon a companion service to the popular marketplace in the form of Tmall. Starting as a section of Taobao, Tmall offers brand-name retailers and importers the ability to sell its products and services online. Tmall was spinned off into its own standalone service in 2011 and since has become the official online outlet for leading brands such as Apple.
Taobao and Tmall have become the most used online Ecommerce platforms in China and have contributed to global record sales days. This last Single’s Day (AKA 11/11) saw sales reaching $5.75 billion in a 24 hour period from Tmall and Taobao alone.
Given its growing success in the mid 2000’s, internet giant Yahoo! invested $1 billion in Alibaba back in 2005. As a result of the investment Yahoo! now owns 40% of the company. Yahoo! is China’s second largest search engine after local Baidu and is a pioneer in site banner and other online advertising techniques which helped contribute a sizable bulk of Alibaba’s earnings. The partnership has helped Alibaba make its way out of China by offering payment services in Japan and Taiwan.
Local success brought the need to branch outwards of China and in 2010 Alibaba launched AliExpress. AliExpress offers an online marketplace to give local Chinese merchants the ability to sell outwards of China to the rest of the world. The push to offer RoW services came after eBay had begun offering Chinese sellers the ability to sell to customer Worldwide. Alibaba is continuing to launch services outside of China and recently unveiled 11 Main, an upscale marketplace targeted at the US market.
While local competition in the form of Tencent and JD.com has tried to catch up to the Ecommerce juggernaut, nothing can deny Alibaba’s place as the largest Chinese internet firm. With support and services spanning over internet, mobile, cab hailing, mPOS solutions, vending machines, and money transfers, the upcoming IPO might be what Alibaba needs to spread its reach even farther.
On the verge of on upcoming IPO we thought it would be a good time to look back on China’s most successful Ecommerce company, Alibaba, and see how it captured 80% of the largest Ecommerce market in the world.
Alibaba joined the Ecommerce trend early on back in 1999 and was founded by former school teacher Jack Ma. Its initial offering was Alibaba.com, a B2B portal connecting Chinese manufacturers with overseas buyers.
Shortly after the launch of Alibaba.com in 2003, the firm launched the Taobao marketplace, an eBay like service allowing local Chinese merchants to sell directly to local customers. Taobao, as with other services and platforms of its kind saw raging success and brought upon the release of its own payment system in the form of the now popular Alipay.
Alipay launched a year after Taobao and offered merchants free registration and commission-free transactions using the third-party payment platform. Alipay has since become the most used payment service in China, offering online and mobile payment options to a plethora of physical and online services and products.
The heightened popularity of Taobao and Alipay brought upon a companion service to the popular marketplace in the form of Tmall. Starting as a section of Taobao, Tmall offers brand-name retailers and importers the ability to sell its products and services online. Tmall was spinned off into its own standalone service in 2011 and since has become the official online outlet for leading brands such as Apple.
Taobao and Tmall have become the most used online Ecommerce platforms in China and have contributed to global record sales days. This last Single’s Day (AKA 11/11) saw sales reaching $5.75 billion in a 24 hour period from Tmall and Taobao alone.
Given its growing success in the mid 2000’s, internet giant Yahoo! invested $1 billion in Alibaba back in 2005. As a result of the investment Yahoo! now owns 40% of the company. Yahoo! is China’s second largest search engine after local Baidu and is a pioneer in site banner and other online advertising techniques which helped contribute a sizable bulk of Alibaba’s earnings. The partnership has helped Alibaba make its way out of China by offering payment services in Japan and Taiwan.
Local success brought the need to branch outwards of China and in 2010 Alibaba launched AliExpress. AliExpress offers an online marketplace to give local Chinese merchants the ability to sell outwards of China to the rest of the world. The push to offer RoW services came after eBay had begun offering Chinese sellers the ability to sell to customer Worldwide. Alibaba is continuing to launch services outside of China and recently unveiled 11 Main, an upscale marketplace targeted at the US market.
While local competition in the form of Tencent and JD.com has tried to catch up to the Ecommerce juggernaut, nothing can deny Alibaba’s place as the largest Chinese internet firm. With support and services spanning over internet, mobile, cab hailing, mPOS solutions, vending machines, and money transfers, the upcoming IPO might be what Alibaba needs to spread its reach even farther.
Revolut X: Fintech Firm Ventures into Crypto Exchange Arena
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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