Now, what do you know of the Alibaba company? So many things can be said regarding the Alibaba Company. Most persons know the Alibaba platform to be an online or e-commerce platform. They also view this platform as an online global marketplace. But you see the Alibaba Company or Alibaba group of company is way more than that. The company being an online marketplace or e-commerce platform is one of the things the company is directly involved in. some persons already know about this, while others do not. If you are part of these persons who do not know of this, you have nothing to worry about, as you are in luck today. All you need to do right now is to follow me on this article from the beginning to the end.
When it comes to writing on the Alibaba group of companies there is never enough words. I can continue with this article without stopping. But to make this article more interesting and understanding, I will try my best possible to make it as brief as I can. Now, what is Alibaba?
What Is Alibaba
Alibaba is a multinational Chinese company. The company is one that specializes in different things. And these things are e-commerce, retail, internet, and technology. The company was founded in 1999 and the forms of the company’s services are business to business (B2B), Consumer to consumer (C2C), and business to consumer (B2C). Besides the above sectors the company is involved in, the company has other businesses around the world. It has the highest initial public offering (IPO) in the world – USD 25 billion. It is one of the top ten most valuable companies in the world. The company has the 9th highest global brand value.
The platform or company is the biggest e-commerce and retailer company in the world as of this writing. The company boasts of the largest B2B, C2C and B2C marketplace platforms in the world. Its online sales and profits surprisingly surpass that of Amazon, eBay and Wal-Mart put together.
More on the Alibaba Company
Although the Alibaba online marketplace platform is one of the biggest and largest in the world, the platform is one that is filled with counterfeit and fake items. Alibaba has denied any wrongdoing in its platform being flooded with counterfeit products. Big brands from all over the globe have continued to blame the platform for not doing enough to stop counterfeit on the platform. The platform was once sued in a consolidated class action lawsuit. Alibaba later reached a settlement agreement in which it paid UDS 75 million.