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A short history of Alibaba and e-commerce website Taobao started in Hangzhou, China, in 2003
03/05/2013
Advertisers pay for attracting users on Alibaba similiar to the way they do on Google alongside their products. Unlike Amazon Alibaba makes money only on the advertising. It generated $1.78 billion in revenue in the 3rd quarter of 2013, $792 million in profits, and controls about 50% of the Chinese e-commerce business for delivered parcels, with profit margins of about 44%. It is different from the U.S. internet business in that it combines features of e-commerce, internet retail, paypal type feature in Alipay, and banking.
Grouped Articles
Alibaba: A Mix of Amazon, eBay and PayPal With a Dash of Google
Wall Street Journal 03.17.2014
Scooters Rule as E-Commerce Grows in China
Wall Street Journal 03.05.2013
Wall Street Journal 03.11.2013
Step Aside, Jack: Alibaba Gets a New CEO
Wall Street Journal 03.11.2013
China's Alibaba Names Jonathan Lu as Next CEO
Wall Street Journal 03.12.2013
Alibaba IPO Could Be a Bonanza for Scion's of Chinese Leaders
New York Times 07.20.2014
New York Times 09.06.2014
Alibaba's IPO Sparks Hometown Celebrations
Wall Street Journal 09.20.2014
Total Return: Highlights of the Journal's Personal-Finance Blog
Wall Street Journal 09.20.2014
Alibaba Names New CEO as Revenue Tops Views
Wall Street Journal 05.07.2015
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