D. gold medalist as Ning is, he is not yet a member of National Swimming Team
C
Alibaba started taking the lead in China by connecting big Chinese manufacturers with big buyers across the world. Its business-to-business site, Alibaba.com allowed business to buy almost everything. Alibaba’s advantage wasn’t hard to judge: size. Alibaba is just big, even by Chinese standards. Its market attracts 231 million active buyers, 8 million sellers, 11.3 billion orders a year — and Alibaba is just the middleman. It encourages people to use its markets — not charging small sellers a percentage of the sale.
If you want a quick look into the influence of Alibaba on daily Chinese life, take my experience. I moved to Beijing a year ago and quickly got tired of visiting small stores across the crowded, polluted city of 20 million people in search of new electronics, bathroom furnishings, and anything else my wife wanted. “What exactly are you looking for? Why not try it? my Chinese teacher asked me one day. With that, my wonderful new relationship with Alibaba began.
Alibaba’s original business-to-business model now is second to consumer buying. Chinese retail(零售) buying makes up 80% of Alibaba’s profit, and leading that group is Taobao, with 800 million items for sale and the most unbelievable selection of things you’ll ever find. TMall.com is Alibaba’s other big site, where you can find brand name goods from Nike and Unilever near the lowest prices.
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