That’s why Alibaba’s website was created

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Taobao.com - Alibaba Business Model Tmall.com The website is designed to be a portfolio of high-class brands, such as Gucci, Louis Vuitton, Armani, etc. It means that most of its users are members of the affluent middle and upper classes of China, who are not keen to spend big money on the best goods that capitalism can produce. Tmall.com - Alibaba Business Model A brief history of Alibaba Alibaba was founded in the late ’90s when the internet bubble was at its highest point.


Its founder Jack Ma, gathered around his small algeria whatsapp number database apartment in Hangzhou, located in east China, a group of 17 tech experts, to draft the first impressions of what was designed to be the Alibaba Business Model. The idea that laid the foundation for the creation of this business model was born during Mr. Ma’s trip to San Francisco, California, where he had his first contact with the capitalist economic system, which made him realize the potential of the free market economy.


By the nowadays holding group, intended to formulate a business-to-business marketplace, focused on connecting emerging Chinese businesses to the globalized world economy, providing access for the ever-growing China’s entrepreneur class to buyers from around the world. Ma’s beliefs paid themselves when in the year 2002, just after three years after being launched, Alibaba’s business model became fully profitable. By 2005, Yahoo bought around 40% of Alibaba for the price of US$ 1 billion, giving the company an opportunity to partner with a search engine in order to offer its services to other countries.