Alibaba planning to strengthen its global presence

Alibaba is one of the most fast growing businesses in the world. Recently the company has emerged to be one of the top names in the industry after becoming the giants of e-commerce industry as well as the company has largest B2B business in the world. The company has surpassed as well as broke its own records. “It may share the name of a kebab shop franchise, but Alibaba is in fact the world's largest e-commerce company eclipsing the likes of EBay and Amazon.” Moreover, the company has already made a great impact on the market as it launched the sites Taobao and Alipay which are its equivalents of EBay and PayPal respectively.

Sydney Morning Herald said that Alibaba will and has become the easiest ways for businesses wanting to reach the Chinese market following the signing of Australia's free trade agreement with China. The business of Alibaba is massive and they take on every single opportunity in their way. This is the reason as to why over 120 million people shop on Alibaba sites every day. It is known that Alibaba owns and operates its three main business sites which are Taobao.com, Tmall.com and Alibaba.com. These sites are the version of EBay for the booming Chinese market.

Hence, Alibaba is an online retail powerhouse which sells almost everything from car parts to wedding dresses. Taobao allows the public to sell to each other, while Tmall is designed to connect businesses to distributors and consumers. Therefore the company has planned to expand its business and take it to further overseas by launching its business and services in Australia as well.