BusinessWeek.com; China’s Alibaba Expands to India, Japan; 9/5/08; Bruce Einhorn
Abstract
Alibaba, the China based e-commerce company, connects small and medium sized importers and operates certain Chinese web sites including Yahoo! China and Taobao.
The company has been profitable and successful. In November of 2007, they offered an IPO on the Hong Kong Stock Exchange and did very well. However, this trend did not continue. There are several factors contributing to this downturn. Chinese exports are declining since the RMB is currently so strong. In addition, labor costs in China are on the rise. These factors are directly affecting Alibaba’s customers and therefore affecting Alibaba. Under the solid leadership of Jack Ma they are using a strategy of market diversification to ensure that they are still players in the world of e-commerce for years to come. Currently, Alibaba is expanding into India, Japan and Korea.
Gabbie Romano
International Entrepreneurship / ENTP 6826
September 23, 2008
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