Write 5 points on why alibaba is better than ebay?
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164,778 views|Apr 11, 2014,7:42 am
10 Reasons Why Alibaba Blows Away Amazon And EBay
Walter LoebContributor
Retail
I cover major developments in the retail industry.
Alibaba the huge Chinese Internet conglomerate is going public in a world-wide offering led out of the United States. It is expected to occur in June or July this year. Alibaba is really a technology company that serves retail customers and controls 80% of the Chinese e-commerce market.
Alibaba will probably be listed on the New York Stock Exchange. Reflecting its dominance in world’s largest market, China, the valuation will likely top other retailers and most other enterprises. Founded in 1999 in the garage of Jack Ma, a former English school teacher, management’s ambition is to build on its spectacular success in China to become the global leader in e-commerce. Here are some facts that highlight the company’s extraordinary position and potential to grow:
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Sales for 2014 are estimated at $420 Billion. In 2012 sales were $170 Billion. This dwarfs Amazon, its closest competitor, with reported sales of $74.4 Billion for fiscal 2013 while EBay reported sales for fiscal 2013 of $16 Billion, less than one-tenth Alibaba’s 2012 sales.
The customer base is gigantic. There are 1.4 Billion people in China. In the United States there are 327 Million. (For the record, the United States is the third largest country; India is second with a population of 1.2 Billion.