1. LINE

      Text:AAAPrint
      Economy

      Alibaba has big plans for small U.S. businesses

      1
      2015-06-11 12:33China Daily Editor: Wang Fan

      E-commerce platforms can empower them to reach millions of consumers in China, Ma says

      Alibaba Group Holding Ltd's Jack Ma said that the future of the e-commerce giant is to go global, opening up its platform to enable more small businesses in the United States to sell directly to China's middle-class consumers.

      The company's chairman and founder said that Alibaba's goal is "not only to sell more things", but to globalize the infrastructure of e-commerce.

      "Why did Internet e-commerce grow so much faster in China than in the U.S.?" he said on Tuesday. "Because the infrastructure of commerce in China was bad. Unlike here, where you have all the (physical) shops: Wal-Mart, K-Mart, everything, everywhere. But in China, we have nothing, nowhere. So e-commerce in the US is just a dessert; it's complementary to the main business. But in China, it's the main course."

      Ma made his remarks about the company's future before an audience of about 1,000 members of the Economic Club of New York at the Waldorf Astoria New York. He was introduced by William Dudley, chairman of The Economic Club and president and CEO of the Federal Reserve Bank of New York.

      Ma, who founded his company in 1999 out of his apartment in Hangzhou, said that Alibaba is on target to sell $1 trillion worth of goods within the next five years. Alibaba's gross merchandise volume for the year through March 2015 was about $393 billion, an increase of 46 percent over the previous year.

      He emphasized that small businesses in the U.S. were the path to growth for the company, luring them toward China's middle class, which today is almost as big as America's entire population, and in a decade will grow to half a billion people.

      "The demand for good products, good service, is so powerful, so strong," he said, adding that only 2 percent of Alibaba's business is conducted outside of China and he hopes it will grow to 40 percent.

      Ma said that Alibaba can help another 10 million businesses through its e-commerce platform.

      "We will empower them, give them the traffic, give them the payment system, give them the logistics, so that they can do business anywhere, easily," he said.

      The company wants to provide customers 72-hour shipping for those purchasing from outside of China and 24-hour delivery for those within the country.

      China, he said, has been focused on exporting for the last 20 years, but should now focus on importing and making more purchases.

      "China should learn to buy. Chinese should spend money. China should buy a lot of things," he said.

      According to company figures, cross-border transactions by Chinese online shoppers grew 10-fold between 2010 and 2014, from $2 billion to $20 billion.

      There are about 331 million online shoppers in China, and e-commerce is expected to account for more than 20 percent of Chinese consumption by the decade's end.

      "In China, e-commerce is a lifestyle. Young people are using e-commerce to exchange ideas, to communicate, to build up trust, to build up a record. It's just like Starbucks, you never go to Starbucks to test how wonderful the coffee is. It's a lifestyle. This is how Internet e-commerce is changing China," Ma said.

      Related news

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      News
      Politics
      Business
      Society
      Culture
      Military
      Sci-tech
      Entertainment
      Sports
      Odd
      Features
      Biz
      Economy
      Travel
      Travel News
      Travel Types
      Events
      Food
      Hotel
      Bar & Club
      Architecture
      Gallery
      Photo
      CNS Photo
      Video
      Video
      Learning Chinese
      Learn About China
      Social Chinese
      Business Chinese
      Buzz Words
      Bilingual
      Resources
      ECNS Wire
      Special Coverage
      Infographics
      Voices
      LINE
      Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.
      主站蜘蛛池模板: 18pao国产成视频永久免费| 国产成人精品免费视频大全五级| 美女黄网站人色视频免费| 久久亚洲美女精品国产精品| 亚洲精品一级无码中文字幕| 思思re热免费精品视频66| 国内精品免费视频精选在线观看| 国产亚洲精品2021自在线| 亚洲精品456人成在线| 亚洲综合视频在线| 亚洲午夜久久久影院| 免费观看日本污污ww网站一区| 久久不见久久见中文字幕免费| 30岁的女人韩剧免费观看| 最近免费mv在线观看动漫| 国产人成网在线播放VA免费| 国产成人久久精品亚洲小说| 亚洲第一街区偷拍街拍| 亚洲无吗在线视频| 亚洲导航深夜福利| 亚洲熟妇色自偷自拍另类| 亚洲一区中文字幕久久| 久久精品国产亚洲AV麻豆网站| 国产亚洲精品岁国产微拍精品| 亚洲熟妇少妇任你躁在线观看无码 | 亚洲色大成网站www尤物| 亚洲国产精品综合一区在线| 午夜亚洲国产理论秋霞| 亚洲精品自在在线观看| 国产精品亚洲成在人线| 亚洲欭美日韩颜射在线二| 国产成人综合亚洲AV第一页| 亚洲精品WWW久久久久久| 亚洲中文字幕视频国产| 亚洲人色婷婷成人网站在线观看| 在线日韩日本国产亚洲| 亚洲精品成人网站在线观看 | 美女被免费视频网站| 免费一级做a爰片久久毛片潮| 黄网站色成年片大免费高清| 牛牛在线精品观看免费正 |