The background of Alibaba GroupThe background of Alibaba Group.pdf
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Alibaba Group was founded by Jack Ma in 1999 after he recognized the lack of Chinese presence on the internet during a visit to the USA in 1995. Initial ventures, including a failed directory service and a joint venture with China Telecom, led to the creation of Alibaba as a marketplace for small to medium-sized companies. The name 'Alibaba' was chosen for its global recognition and ease of spelling.
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The background of Alibaba GroupThe background of Alibaba Group.pdf
- 1. The background of Alibaba Group The background of Alibaba Group Solution In 1995 Jack ma visited USA. Jackma was a school teacher who started translation company to take advantage of growing Chinese exports. In usa a friend showed him Internet. He found everything on Internet but there was hardly any Chinese presence. When he returned to China he founded China pages-a directory of Chinese companies looking for Foreign customers. China pages failed. Ma entered into joint venture with China telecom and ultimately lost control of joint venture. Four years later in 1999 he coralled 17 friends into his apartment. They decide to build their own market place. The name Ali baba was chosen because in usa Ma found that all people whether from USA, Germany, India etc know about Ali BABA. It was easy to spell and globally known. Ali baba opens sesame for small to medium sized companies. You have not mentioned about length of answer.