Jack Ma, the founder of the world’s biggest online business
marketplace Alibaba, has his eyes set on global expansion. Symbolising
this was an appearance with Arnold Schwarzenegger, the Governor of
California, at a conference in Hangzhou.
The English Independent reports Alibaba’s online marketplace
Taobao.com now enjoys more than 80% market share in China, and has
more than 53 million users in 240 countries. It dominates China, the
world’s biggest online market with 384 million users, and is now
looking to expand empire with a strong push into the fast-emerging
economies of Russia, India and Brazil.
Jack Ma is also eyeing the US hence Governor Schwarzenegger’s
appearance at Ma’s annual Alifest conference in the former English
teacher’s home town. The Governor said: ‘The internet is bringing the
world together and making starting a business easier because it gives
even small companies a low-cost way to reach suppliers and customers
all over the world.’