Alibaba :For helping consumers save as well as spend
Alibaba Group Holding Ltd. dominates China's e-commerce market, which by one measure is now the biggest in the world. Alibaba Group’s mission is to make it easy to do business anywhere and build the future infrastructure of commerce, especially online retail sale. They are the first organization enabling businesses to transform the way they market, sell, operate and improve their efficiency. And they have positioned itself as the largest company of commerce and mobile in the world. It is comprised of core commerce, cloud computing, digital media and entertainment, and other innovation initiative.
While many people understand that Alibaba is an online retailer similar to Amazon or eBay, the company’s business model is surprisingly different.The best way to understand Alibaba is as a mix of Amazon.com, eBay and PayPal with a dash of Google thrown in, all with some uniquely Chinese characteristics. Alibaba divided into three core business, such as Alibaba, Taobao and Tmall, in order to help consumers save as well as spend.
