Web Solutions - Portal Development
Alibaba: E-Commerce Website
Beginning of the Saga!
Here goes the most successful e-commerce/e-auction company that proved creating unique selling propositions can do wonders! Founded in 1999 by Ma Yun (Jack Ma), alibaba.com operates five e-commerce sub-companies. The member of the Alibaba Group, Alibaba.com is the leading B2B e-commerce company in China. On August 11, 2005, Yahoo! announced that it would purchase a 40% stake in the company for US$1 billion plus Yahoo’s Chinese assets (worth about US $700M). The company showcased stupefying growth within few years!
Features
- Buy and Sell – These options make buying and selling easier and interesting in the online marketplace
- Search – The simple and advanced search options make it easier to locate products in the database
- Currency Converter option – Users can convert currencies easily using this option
- Community - Displays the forums and articles created by members.
- Member Login – This option allows you to maintain a buyer/seller profile of your own at Alibaba.
Achievements
- As of January 2007, the Alibaba Group is made up of 5 companies:
- On July 31st, 2007, Alibaba announced plans for an IPO in Hong Kong which they hope to raise HK$7.8Billion (US$1Billion)
- Statistics reveal that the site had more than 16 million registered users in December, 2006 and more than 3 million registered users in over 200 countries and regions
On July 31st, 2007, Alibaba announced plans for an IPO in Hong Kong in which they hope to raise HK$7.8Billion (US$1Billion).