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MarketLine – Alibaba – China’s Answer to eBay and Amazon

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Alibaba – China’s Answer to eBay and Amazon

Alibaba has grown from humble beginnings in 1999 to one of China’s largest e-commerce providers. An initial public offering (IPO) on the Hong Kong stock exchange is rumored to happen before the end of 2013, with initial estimates valuing the offering at between $60-120bn. In terms of transaction volumes, the company easily surpasses both eBay and Amazon globally. The company shows no signs of slowing down, with acquisitions in social media and logistics announced in 2013, and even the possibility of expansion elsewhere.

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