Alibaba is an ecommerce platform founded by Chinese entrepreneur Jack Ma in 1999. It provides b2b, b2c and c2c services via web portals. The company operates primarily in China and as of 2016 has had a sales revenue of almost 240 billion US dollars.
In any business, there are several companies & brands which compete with each other by offering similar products & services.
For any company to thrive, it is not only important for them to improve their own products, but to also look at what their competitor is offering.
Below we look at the top 7 competitors of Alibaba.
Having started its journey as online book seller, Amazon.com now can be called as global giant in online retail business. The founder of Amazon.com, Jeff Bezos attracted towards growth of internet reach in early 1990s and started this business in Seattle in 1995. Amazon is now a fortune five hundred company offering ecommerce, Prime Video, Amazon Music, AWS, Amazon Pay etc.
Walmart is the leading Multinational retail corporation founded in 1962, and incorporated in 1969, it is headquartered in Bentonville, Arkansas. The company is a family business because it is mainly controlled by the Walton family. Walmart company operates across the globe with over 11,500 retail units in 28 countries and as e-retailers in 11 countries.
Target Corporation is one of the largest discount retailer and mass merchandiser in the United States. It offers everyday essentials at discounted prices. The company was founded by George Dayton in 1902 and was called “Goodfellow Dry Goods” at that time.
Baidu is an internet services company which is based in Beijing, China. The Baidu company was founded by Robin Li and Eric Xu in 2000. It caters to the customers present globally and is one of the largest in the world in the internet domain in terms of traffic.
Shopify is one of the biggest competitors of Alibaba.
In 1975 Bill Gates founded Microsoft along with Paul Allen. It is an American multinational technology company with its headquarter in Washington and has an annual income in excess of US $150 billion. The idea initially was to manufacture only computers but soon they delved into software and Operating System segments, and thus introduced Windows and other such Microsoft Software.
International Business Machines Corporation called IBM is a multinational organization based in America and specializes in innovation technological solutions. Based in Armonk, New York, United States, IBM is operating in more than 150 countries. Starting off in 1911 as the Computing-Tabulating-Recording Company (CTR) and renaming to "Worldwide Business Machines" in 1924.
To conclude, the above article highlights the various competitors which compete with Alibaba. This understanding helps to evaluate the various external business factors for any company.
This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
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