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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