The Chinese Giant E Commerce Company - 766 Words

The Chinese giant e-commerce company, Alibaba Group Holding Ltd. (Alibaba), unleashed a controversial scenario since the firm launched on September 2014 its initial public offering (IPO) on the New York Stock Exchange (NYSE) (Palepu, et al., 2015). Considered the biggest in the history, Alibaba’s IPO raised $21.8m in its debut at an offering price of $68 per share (Figure 1.1). Originally, the company had made attempts to list within the Hong Kong Stock Exchange (HKEx). However, it was refused in 2013 as a consequence of a proposal of 28 current â€Å"partners† within the corporate governance. Figure 1.1 How much the biggest IPO raised? Source: Davidson (2014) Alibaba.com provides online sales services around the world from 1999 (Alibaba Group, 2015). Currently, this platform represents a huge, innovative and accessible way to business. Its website allows an effective connection between small and medium sized Chinese companies with international customers. The core concept was to create straightforward links to communicate each party in a trustable and reliable alternative. Revenues came from suppliers who purchased a premium subscription that permitted creation of an online storefront on Alibaba.com featuring â€Å"detailed product information, a virtual tour of the company, and TrustPass verification.† The company changed the traditional way of bargaining and also boosted the Chinese production to be well-know worldwide. Other units of Alibaba were launched later toShow MoreRelatedSwot Analysis Of Alibuba In China1093 Words   |  5 Pagesthe year 2016, an e-commerce giant held a one-day sales bonanza that outsold Black Friday and Cyber Monday at all US retailers combined. It was not Amazon’s Prime Day; it was Chinese e-commerce company Alibaba’s â€Å"Singles’ Day Holiday,† in November of 2016, where approximately $17.8 billion worth of goods were sold, according to Business Insider (http://www.businessinsider.com/amazon-prime-day-vs-alibaba-singles-day-2017-7). Alibaba, founded in 1999 by Jack Ma to connect Chinese manufacturers to buyersRead MoreAn Analysis of Chinaa E-Commerce Industry1488 Words   |  6 PagesAnalysis of China’s E-Commerce Industry Introduction A little more than 10 years ago, China’s path to e-commerce leadership would have been difficult to foresee, even as the tech boom in the US and other markets saw the development of e-commerce as an important B2C and C2C channel. In 2000, China had yet to develop any e-commerce applications, and had only 2.1 million total internet users. Payment systems and physical delivery mechanisms to facilitate the development of e-commerce transactions wereRead MoreAlibaba1115 Words   |  5 Pagesbehemoth of Chinese internet and for some the Chinese Amazon has been in news these days for all good reasons. The e-commerce giant has introduced its IPO in NYSE with an offer price of $68.00 per share. The prices increased initially by 30% on the first day of trading taking the market value of the company to $230 billion. Based on the offering price the stocks of Alibaba sold at about 25 times higher than the estimated 2015 underwriter projection. After the first day’s raise the company will haveRead MoreIdentification Of Problem ( S )1206 Words   |  5 Pagescannibalization could have been an issue because both models are very similar to each other. Another problem is to continue to be innovative through their e-c ommerce; they have major competitors such as Alibaba who dominate the market share in China at 50%. The problems found within the company are all solvable with the innovation and success that the company has been creating through their previous years. DECISION CRITERIA Dow Corning offers two brands that target different areas that consumers findRead MoreCase Study Alibaba, Com1272 Words   |  6 PagesAlibaba.com’s Brief Company Background On November 6, 2007, Alibaba.com debuted on the Hong Kong Stock Exchange, raising US$1.5 billion to become the world’s biggest Internet stock offering since Google’s initial public offering (IPO) in 2004. On the first trading day, frenzied purchases of the stock pushed prices up to by 193%, the fourth largest first day gain in Hong Kong’s stock exchange in three years. The closing price of US$5.09 per share gave Alibaba.com a value of about US$25.6 billionRead MoreCase Study of Tencent’s E-Commerce Strategy1327 Words   |  6 PagesCase study of Tencent’s E-commerce Strategy Executive Summary Tencent’s E-commerce strategy didn’t work well. The company’s core business is QQ which is an online instant messenger. All of tencent’s other business will be rolled out base upon the QQ. They want people who use QQ can also shop online easily. So they made the strategy according to that point. They developed E-commerce websites which made no difference with Taobao and Tmall but didn’t make them to success. Why does this happen?Read MoreEbay Expansion in China754 Words   |  4 PagesAsia Pacific has totaled revenues of 2.1 billion, representing 49% of aggregate revenues of the company at the time. Seeing the great potential of the Chinese C2C online auction market which back then comprised of 250 million customers, eBay has launched various attempts majoring the acquisition of EachNet in 2003 and the later joint venture with TOM Online, in order to compete in the gigantic Chinese market with domestic powers like Alibaba and Taobao. We want to take turns to discuss the benefitsRead MoreBackground. In The Fast Changing And Increasingly Connected1321 Words   |  6 Pagesmanner anywhere in the world. Companies, such as Alibaba and Amazon, rely on the technological innovations and advancements to build their business models and capitalize on them (Burinskiene, 2013). Alibaba was founded in 1999 by a group of 18 people led by Jack Ma. The company provides an e-commerce platform for global sourcing and trading of millions of products in more than 40 categories in more than 190 countries (Alibaba, n. d.). At the end of 2016, the company reported a revenue of $7.669 billionRead MoreOverview of Electronic Commerce in China Essay1629 Words   |  7 Pages3.2 Overview of Electronic Commerce in China 3.2.1 Internet in China In September 1987, the Chinese Academic Network built the first domestic Internet e-mail node and sent out the first e-mail from China. The universities were the first Chinese institutions to connect to the Internet. In 1990, a number of Chinese universities and educational institute including the Ministry of Education were connected. But substantial growth of Internet was not occurred until year 1994, when the National ComputingRead MoreThe And Cross Border E Commerce Website952 Words   |  4 Pagesa very wide range of consumers through C2C e-commerce website, such as Taobao.com, which is absolutely free to start a business. Inspired by this method, the cross-border e-commerce websites try to scale and legalize this market, they list the products on websites which them buy from around the world, and offer them at the optimal price (Xiao, 2016a). So consumers can buy from foreign retailers and suppliers directly. Daigou and cross-border e-commerce website are the typical online gra y markets