6.Describe the awareness/presence of VIRTUALWORLDS in Alibaba platform. 6.0 Introduction of virtual world Virtual world is performed by computer through networked computers. Virtual worlds define as computer-based community environment that designed by any individual with their personal avatars. Users make a command to avatars and avatars performs the action. Avatars means digital or graphical representation and it consists of 3 models which are text-based, two-dimensional or three dimensional…
Alibaba, the leading online commerce provider in China, thrives by offering a wide selection of goods to the Chinese consumers. It had $403 billion of gross merchandise volume last year, which is more than eBay and Amazon combined. With the largest global initial public offering (IPO) of $25 billion and the annual revenue of 76.2 billion Chinese yuan or 12.29 billion American dollars, Alibaba further shows the capacity of Chinese consumers (Statista)…
The purpose of this case study is to discuss Marissa Mayer’s, chief executive officer (CEO) of Yahoo! Inc. (Yahoo), strengths and challenges around rebuilding Yahoo’s brand (Subramanian, 2015). In 1994, two students, David Filo and Jerry Yang, became overwhelmed with trying to keep track of their favorite websites, so they developed a website that allowed them to “capture their categorization method and called it Yahoo!” (Subramanian, 2015, p. 398). Later, their friends also wanted to use their…
There are certainly issues within the region that should be taken into account by Costco and other retailers looking to consider international expansion. First of all, retailers need to be aware that the Chinese company Alibaba has a stronghold on the market. The smart and effective approach would be to create a partnership instead of a forced entry into the market. Secondly, the region offers limited investment opportunities. Foreign companies will not have the opportunity to purchase large…
Singles day in China significantly affected Chinese commerce Singles day is a kind of entertainment festival spreading in young people, who are priding in celebrating themselves single (the meaning of "bachelor" is "single"). The date of November 11(also as 11/11), contains four Arabic numerals "1”, whose shape is like four “solitary stick figures”. At the same time, “Solitary stick figures” are sharing the same Chinese characters with “bachelors”, and bachelors means single, hence November 11…
Everyone wants to be success, especially businessman. Any successful things can be attributed by getting a better way to do it. Innovation is the key to find out new methods of improvement. The core of entrepreneurial is innovation Based on the definition, entrepreneur is the person who sees an opportunity or gets an idea, would like to take advantage of that opportunity or idea to start a business. As a company, it is necessary to meet the demand of customers, when it comes out a new product or…
to be able to glance up outside China. The Company established the Alibaba Group Jack Ma has become one of the world giant companies who gain success. Hilt is the time of the initial public offering to the public (IPO) on Saturday (09/20/2014) local time, the official Alibaba shares traded on the New York Stock Exchange USA (NYSE). Alibaba is now the darling of the Chinese technology company. However, many people do not know Alibaba sad journey. This effort begins Jack Ma with struggles and…
founder of an enigmatic e-commerce website, Alibaba, is an amazingly successful entrepreneur with global recognition and created a new history record for China. His creativity and innovative idea in adapting existing business concept based on successful foundations and applying the concept based on China’s environment has created new history. Since the rise of Jack Ma, a lot of attention with interviews, media coverage and speeches revolves around him and Alibaba, a company that bridge…
Ebay Ebay is an online action service used to buy and sell items. The company uses an electronic platform to facilitate millions of transactions every day. Users seeking to purchase items make bids over a specific time period and the seller determines guidelines such as a minimum bid he or she is willing to accept. Payment is typically made electronically through PayPal and then the merchandise is shipped to the buyer. Pieere Morad Omidyar is a French-born Irankian-American Entrepreneur and…
perceptions of the online purchase supported by the inbuilt SP on their overall experience. After this, relating hypotheses are made according to previous empirical studies. Then, the primary data was collected by the online survey software based on Alibaba Company in a quantitative way. Next, the author analyzes the data using techniques including coding, sample segmentation, SPSS and structural equation model. Lastly, all above lead to the conclusion that inbuilt social platforms indeed has a…