Well first of all you must be asking yourselves, what is Alibaba?
Alibaba's first form of business was alibaba.com. The company was founded by Jack Ma in 1999. This Company helps exporters from around the world, especially China connect with companies in over 190 countries in the world. For example, it allows a business running in the UK to find a manfacturer from anywhere in the world and have a range of goods produced and shipped.
Alibaba also owns two other companies taobao.com, which is China's largest website to shop! They also own Tmail.com and this offers branded goods to the majority of China's middle class.
According to an article posted on Tuesday, September 9, Jack Ma is now the richest man in China and he's now committed to making his company public across the U.S. The article continues to say Alibaba is predicted "to be the biggest IPO in history".
"And people keep on asking me what's the difference between Amazon, eBay and Alibaba. I would say Amazon and eBay are e-commerce companies and Alibaba is not an e-commerce company. Alibaba helps other to do e-commerce. We do not sell things. we call ourself a company running a platform, a company that is running an ecosystem." Ja Ma, founder of Alibaba
It's hard to believe, but it's true! Alibaba is now the world's biggest e-commerce company in the world.