Success Stories To Inspire You Part 2: The Legend Of Ali Baba
قصص نجاح ملهمة الجزء 2
In 1999, a group of 18 people led by Jack Ma started Alibaba in a small apartment in Hangzhou, China. Nineteen years after its inception, this wholesale online marketplace is now the world’s largest e-commerce platform, running on par with the likes of Google, Amazon, and PayPal! What makes Alibaba’s journey to success so inspiring is how the e-commerce platform reached the top in less than two decades!
How Ali Baba Built Its Empire ?
Jack Ma learned of the internet when he went to the United States in the early 1990s. Unlike the United States, China still had not embraced the internet revolution. When Jack Ma returned, he decided to tap into the uncharted waters of the world wide web with the idea that was Alibaba. With an initial investment of $ 5 million and 17 co-founders, Jack Ma launched Alibaba’s online retail platform!
Alibaba was founded at a time when Chinese incomes are skyrocketing after decades of rapid growth, also marked by the country’s accelerating digitization. Alibaba brings together consumers increasingly addicted to the ease of online shopping and the countless manufacturers of inexpensive products in the country. Today, China has the largest connected population in the world: more than 850 million smartphone users. This hyper-connectivity fueled the ultra-rapid growth of the company which, 15 years after its founding, made a triumphant entry on the New York Stock Exchange in 2014 – raising $ 25 billion, the largest IPO in the world.
Watch this video posted by CNBC International for more information
The Future Of E-Commerce
Providing a B2B experience has been a way for professionals to expand their reach, increase customer satisfaction, and reduce waiting time for spare parts.
The organized industrial online market place will dominate because brands that truly care about their customers and what they want include global markets and put customer satisfaction first in their ecosystems.
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