Jack Ma, Alibaba CEO, said: “E-commerce will become a ‘traditional business’”. The two small e-commerce companies become two technology giants today. In 21th, the e-commerce has completely changed the way people shop. With one click, your favorite clothes will deliver to your house. With the rapid development of the internet, the global e-commerce will usher in a higher development climax. Alibaba and Amazon, both as top global e-commerce companies, are changing our lives step by step. With a smart kindle, you can watch any books you want. With Alexa, you can turn off your lights by voice control. With Alipay, you don’t have to carry a wallet when you make a payment in China. In this article, the business and profit model of the two companies will be discussed. Including the comparison of the market shares, I hope you will have a clearer understanding of those two e-commerce giants.
Video-For those who are not familiar with company Alibaba. “What is Alibaba?” Explained by Wall Street Journal
They are Tech Companies
Maybe you would be unfamiliar with Alibaba, a company from China, but if you were a stock investor, you most likely heard of Alibaba’s stock (symbol: BABA), which was listed on the NYSE on September 2014. Alibaba, founded by Jack Ma in 1999, is the world’s biggest e-commerce platform. 
It is defined the biggest because Alibaba has a market share of 26.6% while Amazon with a share of 13% ranked second. It is undoubtedly that the population of China contributes a significant number to the market. On the other hand, Amazon (AMZN), founded by Jeff Bezos in 1995, is the largest U.S retailer, just surpassed Wal-Mart, the previous biggest retailer, in 2015. Although two companies are winning the e-commerce market in their countries, Alibaba and Amazon don’t like people call them the e-commerce company. Amazon’s CTO said that “Amazon is a technology company. We just happen to do retail” Continue reading “Two E-Commerce Giants: Amazon vs Alibaba”
