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History[ edit ] Founding and name[ edit ] The company's name came from the character Ali Baba from the Arabian literature One Thousand and One Nights because of its universal appeal. And then a waitress came, and I said, "Do you know about Alibaba?
I said, "What do you know about? And I said, "Yes, this is the name! Alibaba — open sesame. Alibaba is a kind, smart business person, and he helped the village.
So … easy to spell, and globally known. Alibaba opens sesame for small- to medium-sized companies. We also registered the name "Ali mama ", in case someone wants to marry us!
The company aims to double the transaction volume to 6 trillion yuan by As of FebruaryTaobao reached million monthly active users, while Tmall achieved million monthly active users.
It is investing 5. The company's English language portal Alibaba. AliExpress Launched inAliExpress. It is the most visited e-commerce website in Russia.
It might be more accurate to compare AliExpress to eBay, though, as sellers are independent; it simply serves as a host for other businesses to sell to consumers. It connects directly Chinese businesses with buyers. Taobao and Tmall Taobao Marketplace, as ofwas China's largest consumer-to-consumer online shopping platform.
In January it was the second most visited web site in China, according to Alexa. Taobao's profit was estimated to be 1. As of October it was the eighth most visited web site in China,  offering global brands to an increasingly affluent Chinese consumer base.
In addition, there is Juhuasuan, a group shopping website in China. It was launched by Taobao in March and became a separate business in October Juhuasuan offers "flash sales", products that are available only for a fixed time period, which can last from one or two days to a full month.
To buy at the discounted price, buyers must purchase the item within that defined time. Plus, Taobao launched a service known as eTao.
It offers search results from most Chinese online shopping platforms,  including product searches, sales and coupon searches. Online shoppers can use the site to compare prices from different sellers and identify products to buy. Fliggy set the target audience as younger generation and it strives to become a one-stop service when they plan their trips, particularly in overseas travel.
Two companies will set up a joint venture company. Through the docking technology system and the superiority resources, Fliggy has Marriott hotel flagship store. It has the same function with Marriott Chinese website and Marriott mobile app to create the best global travel experience for consumers.
Its sites launched in Marchwith a business model of selling inventory to customers from its own warehouses. In it added a marketplace model that allowed third-party retailers to sell their products through Lazada's site.
Lazada features a wide product offering in categories ranging from consumer electronics to household goods, toys, fashion and sports equipment. The 11 Main marketplace hosts more than 1, merchants in categories such as clothing, fashion accessories and jewellery as well as interior goods and arts and crafts and it plans to keep adding more, said the company.
Alibaba Cloud Alibaba Cloud aims to build a cloud computing service platform, including e-commerce data mining, e-commerce data processing, and data customisation. It was established in September in conjunction with the 10th anniversary of Alibaba Group.
Alibaba Cloud is the largest high-end cloud computing company in China. AliGenie AliGenie is a China-based open-platform intelligent personal assistant which was introduced at Alibaba's Computing Conference in Hangzhou.Krane Funds Advisors, LLC is the investment manager for KraneShares ETFs.
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Teladoc Health Inc (NYSE:TDOC) released its earnings results on Thursday, November, 1st. The health services provider reported ($) earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($) by $ The Technology Select Sector SPDR® Fund, before expenses, seeks to closely match the returns and characteristics of the Information Technology Select Sector Index (ticker: SPTRINFT).
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