Alibaba Taobaos - 837 Words

Alibaba Taobao Introduction Founded by Alibaba Group on May 10, 2003, Taobao Marketplace facilitates consumer-to-consumer (C2C) retail by providing a platform for small businesses and individual entrepreneurs to open online stores that mainly cater to consumers in Chinese-speaking regions (Mainland China, Hong Kong, Macau and Taiwan) and also abroad. Taobao Marketplace (formerly Taobao) was launched in May 2003 by Alibaba after eBay acquired Eachnet, China’s online auction leader at the time, for USD 180 million and became a major player in the Chinese consumer e-commerce market. To counter eBay’s expansion, Taobao offered free listings to sellers and introduced website features designed to act in local consumers best interests,†¦show more content†¦For instance, the screen names of online moderators were derived from characters in popular Chinese kung-fu novels. It also introduced the online payment system Alipay a year later. Online credit card or debit card payment was very rare in China and customers usually paid cash on delivery. Alipay formed partnerships with leading Chinese banks and signed a long-term agreement with China Post, which meant customers without a debit or bank card could fund their Alipay accounts at any of its 66,000 offices. Taobao provided services and solved problems for the smaller businesses that are the driving force behind China’s economic boom. For instance, Alipay enabled people to pay for goods and services easily. Also, Taobao identified how to help people buy and sell. By making online shopping easy, safe and fun it helped many first-time online buyers build confidence in e-commerce. On the other hand, EBay in China was charging users to list products and services which will discourage sellers to set up online shops on its website. This will thus cause a decrease in goods and services provided on eBay and buyers will look for alternatives because of the lack of choices. Despite eBay announcing that it will no longer charge a transaction fee on sellers on its Chinese Web site in 2006, it was already too late as Taobao had already made use the period of time (where eBay still collects fees) to garner a loyal base ofShow MoreRelatedTaobao Essay962 Words   |  4 Pagesï » ¿ 1. What was Alibaba Group’s motivation for diversifying into the consumer business with the launch of Taobao? Does it make sense? Alibaba Group’s motivation for diversifying into the consumer business with the launch of Taobao was mainly because of the rise of eBay in China. Jack Ma, the founder of Alibaba, observed that the entry of eBay through EachNet, which held an 85% market share, was a threat to Alibaba. He was especially concerned that the rise of eBay would encroach their existingRead MoreAlibaba- Corporate Advantage and Competiton1818 Words   |  8 PagesHow does Alibaba group create corporate advantage? (Why are the businesses under one roof?) Is this corporate advantage sustainable? Is the current degree of competition amongst the business units appropriate? Do you think Jack Ma should encourage more cooperation? If so how? The Alibaba group has thrived in the Chinese e-commerce sector from its inception in 1998. They currently account for over 70% of online shopping in China and delivered annual revenues of $636 million in the 12month periodRead MoreTaobao Case Analysis1551 Words   |  7 Pagesways. So Taobao’s web designs were imbued with a strong local culture that reflected a deep understanding of Chinese consumers and an attitude of informality. First of all, the website was designed like a Chinese department store. Taobao’s web designs are with strong colors, a little bit noisy, with lots of links. For example, they designed men’s and women’s navigation tab, to make it more suitable for Chinese customers. The following are Taobao and eBay’s homepage on November 4,2010. Taobao’s Homepage:Read MoreAlibaba5915 Words   |  24 Pagesyour photographs of our unique natural environment, help improve Wikipedia and win some great prizes along the way! ------------------------------------------------- Alibaba Group From Wikipedia, the free encyclopedia For the character from the Arabian folk tale, see  Ali Baba. Coordinates:  30 °11†²31.12†³N  120 °11†²9.79†³E Alibaba Group Holding Limited | | Type | Public Company | Traded  as | NYSE:  BABA | Founded | 4  April 1999; 17 years ago Hangzhou,  Zhejiang, China | Headquarters | HangzhouRead MoreCase - Alibaba Group7315 Words   |  30 PagesAlibaba Group At Alibaba, strategy and organization go hand-in-hand. Every year we change the organizational structure in tandem with changes in strategy. Jack Ma, Chief Executive Officer of Alibaba Group, stared through the fog at the cable stays of the Hangzhou Bay Bridge whistling past on his drive to the offices of Taobao (hunting for treasures), Alibabas online marketplace for Chinese retailers and consumers. The longest transoceanic bridge in the world had a long gestation period:Read MoreWhy China Is The Biggest Internet Market Globally Essay1984 Words   |  8 PagesMany market opportunities have helped the Alibaba Group thrive in the recent years. The location is the first advantage because China has over 560 million users of internet spending over 20 hours online a week. China is the biggest internet market globally (Bhasin, 2016). This is twice the size of internet users in United States of America. China is gradually shifting the traditional retailing in favor of latest trend of e-tailing. The good relationship with the government of China has enabled itRead MoreThe E Commerce Companys Strategy1724 Words   |  7 Pagessu perior brand recognition and customer loyalty, while allowing the company to perfect its product or service. Alibaba’s operations stated when e-commerce was at infancy stage in China. Ma considered the potential for the e-commerce market. Thus, Alibaba started operations concentrating on providing B2B services to SMEs looking to go global. Ma’s leadership and vision must not be underestimated. His leadership laid down the foundation, which led to build-up from scratch of an Internet business inRead MoreTaobao vs. Ebay China8878 Words   |  36 Pagesbasis†¦. We think China has tremendous long-term potential and we want to do everything we can to maintain 1 our No. 1 position. — Meg Whitman, eBay CEO, 2004 By 2008, Jack Ma, CEO of Alibaba.com Inc., was in a position to consider how to fortify Taobao’s dominant position in China’s online consumer-to-consumer (C2C) market. Ma and his company had come a long way since May 2003, when they first launched the Taobao website. Back then, eBay China dominated the fledgling market, holding over 70 percentRead MoreA Short Note On The E Commerce Market1973 Words   |  8 Pagesanalyze the factors that led to Alibaba sustaining its leadership position in the Chinese e-commerce market. During the late 1990’s and early 2000’s, the internet was not very popular in China and people were ignorant to its proper use. Knowing this, Jack Ma decided to start this internet user-friendly company that would allow his clients to perform business transactions with other businesses/suppliers in China. He first started the company on a local level and as Alibaba has seen success it has beenRead MoreTaobaos Success1860 Words   |  8 PagesTaobao’s Success 1 Taobao’s Success The most successful C2C E-business platform in China Chenlei Shi 865313 IT IS 600 Professor Robert Testa, Jr. September, 18, 2010 Taobao’s Success 2 Abstract With the great speed of economic globalization, E-Business is developing in a surprising speed through the wide-spread of information technology. Nowadays, there are a lot of big E-business corporations such as Amazon, E-bay focus on different E-business model and field. However when these international