Alibaba, Based in China, Imitating Japan
By William Pesek on 05:58 pm May 08, 2014
Alibaba Group, the Chinese e-commerce giant, is offering the investment world a novel experience: one-stop shopping.
By now, we’ve heard all the superlatives about the “everything company.” Jack Ma’s hundreds of millions of subscribers will swell as the Alibaba founder enters just about every business imaginable. In a quirky, yet revealing exercise, Quartz.com made a list of all the Western names you’d have to combine to get something like the Alibaba Ma is taking public in a New York initial public offering. They include, of course,Amazon.com, eBay and PayPal, but also Google Maps, Spotify, WhatsApp, Dropbox, ING Direct, Uber Technologies and Hulu. Alibaba also is getting into travel, education, business lending and a bewildering array of unrelated markets. Read more of this post