Subscribe Via RSSAlibaba Scores Over E-Commerce Rivals Being Valued Higher than Amazon and Ebay Combined.
One of the most exciting event of September 2014 was undoubtedly the listing of Chinese e-commerce giant, Alibaba Group Holding on the New York Stock Exchange. The Alibaba share listed at $92.70, a whopping 36 per cent premium to the offer price, proving right analysts who felt that the IPO price was conservative.
The scale of Alibaba’s listing success should be evident from the $21.8 billion it raised. This was the highest amount ever raised by an internet company in the US. It was much larger than Facebook’s $16 billion and Twitter’s $2 billion.
The valuation of $231 billion that Alibaba secured on listing day makes it the 11th most valuable listed company in the US, well ahead of blue chips companies such as Procter & Gamble, Pfizer, IBM and Coca Cola.
- Jack Ma, who founded Alibaba in 1999, is now the richest man in China with a net worth of close to $22 billion.
- The former school teacher has not only inspired a thriving start-up culture in China but has also created immense wealth for his employees.
With an estimated $180 billion e-commerce market and a little over 632 million internet users (projected to touch 850 million by 2015), China seems to be the go to place for the moment.
- Alibaba has 279 million active buyers in China!
Alibaba is a leading global e-commerce platform for small and medium businesses, connecting buyers and suppliers around the world. As part of its online sourcing platform, Alibaba.com offers:
- Customized Sourcing: A buyers’ sourcing requirements are matched with the right suppliers.
- Verified Membership Suppliers: Suppliers’ trustworthiness is validated, giving buyers more confidence and offering suppliers 300% more visibility and 4/5 times more inquiries.
- Inspection Service: Buyers can instruct a professional 3rd party inspector to visit the manufacturing and/or port facilities anywhere in China to certify that the goods being produced and shipped reach quality standards.
- TradeManager: A real-time chat programme built into the Alibaba.com platform that allows buyers to communicate with suppliers from around the world.
Sourcing products is one of the major tasks that will ultimately determine the success or otherwise of any business, including yours. If you need to find reliable suppliers then try Alibaba.com or one of my recommended suppliers, dropshippers, wholesale distributors, manufacturers, liquidators or importers.
If you’d like to know more about drop-shipping then read my article, What is dropshipping?
Finally, if you have any thoughts or suggestions relating to Alibaba, dropshipping or trading in general, don’t forget to let me have them in the comment box below. Thanks for dropping by.
