How Alibaba Beat eBay in China
So In 2003, eBay was leading China’s e-commerce market with over 77% market share!
But then, because of one company, eBay exited China’s market and never came back again.
And that company is Taobao (Alibaba’s B2C sit
Alibaba: Overcoming Rejection to Build a Giant
Jack Ma, a former English teacher, founded Alibaba in 1999 to help small businesses in China connect with global markets. Despite facing rejections from investors, Ma persisted, focusing on e-commerce,
Temu, the 2022 discount king from PDD Holdings, tempts shoppers with wild deals. Alibaba, Jack Ma’s 1999 trade giant, powers businesses with bulk orders. Imagine them trading jabs—Temu flaunting coupons, Alibaba sipping tea. Who wins this hilarious e