Alibaba Prepares for Global Expansion
Jan 18, 2009 - Hangzhou, Zhejiang, China - Alibaba, the world's largest online platform for trade between businesses, intends to take advantage of the global financial crisis as an opportunity to transform itself from a China-focused e-commerce provider into a global web marketplace, according to Jack Ma, its founder and chairman. Alibaba Group, which also includes Taobao, China's leading consumer e-commerce website, and Yahoo China, plans to increase its current workforce of 12,000 by more than 4,000 this year. Alibaba.com, the Hong Kong-listed flagship which operates the business-to-business trading platform, reported revenues of Rmb2.2bn (USD 321m) for the first nine months of 2008. PICTURED: JACK MA (Ma Yun), Chairman and CEO of Alibaba Group, poses during a conference in Beijing, China, December 7, 2008
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