Alibaba’s success story is one to inspire generations. Being a one-stop shopping platform, the e-commerce company has redefined digital success.
A name that was born in a coffee shop, Alibaba is now a juggernaut of value, worth almost $500 billion. With the lowest of low price tags for quality products, it is no wonder it has reached its kingpin status and is battling it out with global behemoths like Amazon and eBay.
Established in 1999 by 18 founders, led by Jack Ma and his unwavering vision, it has been experiencing disruptive growth till date, creating a trail of success.
Jack Ma launched his brainchild with only $60,000. Since then, Alibaba Group has been growing revenue in staggering billions.
Alibaba’s Single Day shopping festival - its answer to the Valentine’s Day- is bigger than Cyber Monday and Black Friday combined and continues making record sales every year.
And, it doesn’t simply stop with its global marketplace. Alibaba made history with numerous new launches, investments, and acquisitions. These include AliPay, AliWangWang Instant Messaging Tool, Alibaba Entrepreneurs Fund.
Alibaba doesn’t shy away from giving back to the community either. With Alibaba Foundation and Alibaba Poverty Relief, the organization is contributing to social causes, making the world a better place.
Today, this e-commerce giant is operating in 200 countries, facilitating sales and giving customers value for their money. With such staggering numbers, Alibaba is the East Wind which is giving all e-commerce firms a run for their money.
Hello, my name is Mohd Azahar. I'm a self-employed Pivrate from the India.
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There are some interesting points in time in this article but I don’t know if I see all of them center to heart. There is some validity but I will take hold opinion until I look into it further. Good article, thanks and we want more! Added to FeedBurner as well
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