1) to outpace entry of ebay china 2) because ecommerce was stuck in 2005 -only 1% of population had credit cards
ma's customer tio customer platform tao bao opened an account in branches of every bank in everry city
to make a purchase on taobao a customer transferred money into a taobao account
on receipt of funds taobao notified seller only got the funds once buyer confirmed delivery
today ma's payment system alipay process half of all online china transactions -half a trillion dollars annually 5 times more than its nearest rival tenpay and 20 times more than state owned unionpay
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quite a lot of platforms:
Alibaba Group
Alibaba Group Website, AliExpress, Alimama, Alipay, AliTravel, AliCloud, Alibaba International, Ali Telecom, Ding Talk, Juhuasuan, LaiWang, Net.cn, Taobao Markertplace, Tmall, Xiami, YUN OS, 1688
editing help neededtaobao is the flagship chinese web giving ever small enterprise a free stallTmall is the chinese mall for large brands1688 is a space for wholesale trades aliexpress offers access to ali markets in different languagesalipay is the entry site into digital credit,,,
This is the largest online marketing portal who delivered the product all over the world and also have other business. Yiwu Wholesale Market is the best solution for small commodities and small use.
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