Last year, Alibaba Group CEO Daniel Zhang said the global expansion of Alibaba’s mostly Chinese operations was a top priority. This year, Zhang said the company will instead build up channels that allow international brands and merchants to sell online to Chinese consumers.
?China has been focusing on exporting for the past 20 years, but China should be focusing on importing,? said Jack Ma, Chairman of Alibaba at The Economic Club of New York in June 2015. ?I think China will become the largest importing country in the world in 20 years.?
Below are some main points of Alibaba’s global expansion during Jack Ma?s speech:
He was described by Forbes magazine as “tiny (5 feet, 3 inches), slight (he weighs just over 100 pounds) and full of coiled energy”. He is the man behind the giant Alibaba – Jack Ma (Ma Yun).
He is a Chinese business magnate and philanthropist. He is the founder and executive chairman of Alibaba Group, a family of successful Internet-based businesses. He is the first mainland Chinese entrepreneur to appear on the cover of Forbes. As of November 2014, he is the richest man in China and 18th richest person in the world, with an estimated net worth of $24.1 billion according to Forbes. If you don’t know much about Jack Ma, it’s time you learned!
Here are nine interesting things you probably didn?t know about Jack Ma:
The craziest shopping day of the year in China, Singles Day, has come to an end. Total sales for Alibaba this year hit $14.3B compared to last year’s $9.3B. All the media headlines are talking about Alibaba’s Singles Day sales data and how much money Alibaba made. I am going to tell you the story behind Alibaba Singles Day Sales. Ever wonder how Alibaba is able to achieve such huge sales numbers? Find out below: Continue reading “Behind Alibaba's Singles Day Sales”
Sourcing products from China on Alibaba can often be tricky, especially for Westerners. They are either overwhelmed by the large supplier list or fear the possibly of getting scammed. I am going to share my five hacks to sourcing products from China on Alibaba based on my experiences. Continue reading “5 Hacks to Sourcing Products from China on Alibaba”