WTF is Alibaba? Everything you need to know!
While Alibaba is a major house-hold name in China, Canadians have little knowledge about the retail-juggernaut. Let us tell you, Alibaba is poised to be the worlds largest e-commerce player. Founded in 1999 by the electric Jack Ma, the company has experienced a mind-boggeling growth rate over the last 15 years. Currently, Alibaba sells more than both Amazon.com and eBay combined. If you’ve never been to the site, it operates multiple online marketplaces including the Amazon competitor – Tmall and the eBay style – Taobao and a discount sales website called Juhuasuan (Similar to Groupon) according to a Telegraph UK article, together the three websites have a customer base of 279 million buyers a year – an astonishing number.
Watch the videos below to get the all the details and learn everything you need to know for Alibab’s IPO which comes out of Friday.