Alibaba's Global Expansion and How it Affects You

Alibaba's Global Expansion

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:

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6 Business Things You Must Know About the Chinese New Year

Chinese New Year

Chinese New Year’s Day is the first day of the Chinese lunar calendar. But the date is different each year on the Gregorian (internationally-used) calendar, between January 21st and February 20th. For 2016, Chinese New Year falls on Monday, February 8th.

Chinese New Year is the only long break for migrant workers to go home and spend quality time with their family, leading to a soon very large migration all over the world.

For those who plan to visit Chinese suppliers or want to have enough stock running during Chinese New Year, below are 6 business things you should know about Chinese New Year:

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8 Things You Need to Know When Doing Business in China

business in China

China is no longer just the world?s factory. It has become one of the world?s largest population of buyers. Whether you want to buy from China or sell to Chinese customers, you will find a lot of cultural differences between the way business is conducted there and Western countries.

Here are eight things you must know when doing business in China:

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9 Things You Probably Didn?t Know About Alibaba?s Jack Ma

Jack Ma

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:

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