Gadgetory

this week as expected Alibaba filed for its us IPO Alibaba Alibaba Alibaba Alibaba Alibaba says Open Sesame to Wall Street wait pause what is Ali Baba I'm Nathan siker tanned this is 90 seconds on the verge Ali Baba's a Chinese e-commerce company founded by Jack Ma former English teacher who's akin to Steve Jobs or Jeff Bezos in China Alibaba is made up of several sites but the two biggest art al bow and tmall Taliban is Ali Baba's ebay allowing small businesses to sell products online but taobao doesn't take a cut of the proceeds instead it makes money through advertisements tmall is much closer to Amazon where large companies like Samsung and gap can create online stores for an Asian market last year sales on taobao and tmall totaled over two hundred and forty eight billion dollars alibaba's biggest challenge is going to be trust the company has been criticized in the past for promoting counterfeit and defective goods something had explicitly acknowledged in its IPO filing but if Ali Baba can earn that trust it could prove to be a serious threat to Amazon which thrives on undercutting its competitors that isn't slowing alibaba's growth internationally the company already does business in Russia and Brazil and is working on an American marketplace it's calling 11 main for Amazon which thrives on undercutting its competitors Alibaba could prove to be a serious threat what happens when hordes of Chinese manufacturers can sell directly to its consumers for more on alibaba check out the verge coming up I start my own international ice cream business but I'm a little low on money so it's gonna have to be ground shipping