Wednesday 3 December 2014

Alibaba has the potential to dominate the United States market



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. Alibaba has had great success over the past years which have bolstered its domestic and international status and position. It is believed that the Chinese giant and powerhouse, Alibaba, will be huge by 2020.
In recent times, BABA Group is looking forward and working hard to spread its operations in the US market as well. Hence, the retailers of United States warn of Chinese giant Alibaba's impact in U.S. market. Reuters reported that “Several of the largest U.S. retailers warned that Alibaba Group Holding Inc may "decimate" local companies unless Congress closes tax loopholes for online retailers, singling out the Chinese company before it has even established a major American consumer presence.”
Alibaba presently sells to American consumers through its global retail service AliExpress. But its core Taobao service, often likened to eBay's marketplace, is not yet available to U.S. customers in English.
The company is looking forward to start its services which will solely be targeted to American consumers. It is believed that an entry in the US market might decimate the local companies as the e-commerce giant Alibaba’s business is huge as anything. In the coming times, it is believed Alibaba will become as huge as Wal-Mart and EBay in terms of international market presence.

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