Alibaba Group is an innovative multinational company with the headquarters in China. It operates in the spheres of e-commerce, digital media, and online payment services. Alibaba Group Holding Limited was founded in 1999 (April 4) by the famous businessman Jack Ma in the capital of the eastern province of China Zhejiang – Hangzhou. The main corporate campus bears the name Taobao City and is situated in Hangzhou.
Alibaba Group provides C2C, B2C, and B2B solutions in the format of online portals and services as well as local offices and sorting centers.
According to the report on the quarter ended March 31, 2020, the revenue of the company was $16,144 million within the first 3 months of 2020, which is 22% more than the revenue of the Alibaba Group within the same period of time in 2019.
The Alibaba Group owns the following famous marketplaces:
- Alibaba.com (a B2C and B2B e-commerce platform)
- Aliexpress.com (a B2C and B2B e-commerce platform)
- Tmall (a B2C e-commerce platform)
- Taobao (a C2C e-commerce platform)
- Idle Fish and other.
Alibaba.com was founded in 1999 and is a global platform for cross-border trade. The marketplace is admired by wholesale sellers, as it offers the cheapest prices for consumer goods and industrial commodities. The website of Alibaba.com enjoys appr. 150 mln monthly visits, most often, from China, the USA, Canada, the United Kingdom and Russia. In general, the customers of alibaba.com come from 190 countries and regions of the world. The products on the platform embrace 40 product categories.
There are Android and iOS Alibaba apps for B2B and B2C traders. They offer multiple options for making wholesale and customizable orders. Here you can create sample orders, use the Alibaba Cloud space, leave a quotation, and let thousands of suppliers reach you with offers. The currency converter helps quickly learn the price in the currency you are going to use, and the sourcing preference allows you to choose between ready-to-ship or custom-made products.
We won’t rest on Aliexpress and Tmall, as there are numerous articles in the blog devoted to the topic. Check them here.
Photo from imoney.my
TaoBao is one of the youngest Alibaba projects. It was founded in 2003 and has the main headquarters in Hangzhou, just like other Alibaba projects. The platform deals with C2C businesses and mainly operates in the Chinese-speaking regions: China, Hong Kong, Taiwan, Macau. The Taobao app is the most actively used social commerce platform in China. Live streams, blogs, short videos, and interactive games allow the seller to interact more closely with the customers.
Idle Fish Review
Idle Fish is a platform used for C2C deals for long-tail products including second-hand, recycled, and refurbished goods. The GMV of Idle Fish in the fiscal year 2020 was $28 mln.
The cover photo taken from kkaa.co.jp