4 ms·
I still don't know what Alibaba does.
by notastartup 12y ago
I still don't know what Alibaba does.
- saym 12y agoAfter a substantial effort to suppress my knee-jerk reaction of a lmgtfy.com link, I bequeath to you: http://www.businessinsider.com/what-does-alibaba-do-2014-5 http://www.businessinsider.com/what-does-alibaba-do-2014-5
- tim333 12y agoAmongst other things it provides a bulk market for all the stuff China makes. It can be quite fun browsing: Lasers http://www.alibaba.com/trade/search?fsb=y&IndexArea=product_en&CatId=&SearchText=laser http://www.alibaba.com/trade/search?fsb=y&IndexArea=product_... Nuclear reactor gear http://www.alibaba.com/trade/search?fsb=y&IndexArea=product_en&CatId=&SearchText=laser http://www.alibaba.com/trade/search?fsb=y&IndexArea=product_... and so on
- Scoundreller 12y agoTheir aliexpress.com arm functions like Ebay. I assume they take a commission on each transaction (but they annoyingly ask for credit card information on each transaction, ugh). As for Alibaba, I also don't understand how they generate much revenue as a non-fiduciary and non-risk-taking matchmaker that doesn't handle transactions themselves.
- notastartup 12y agothat's the thing. along comes this giant, and its suddenly worth more than one of our biggest companies that has been around for decades? Did the average Chinese person have their income suddenly raised? Something doesn't add here.