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To: zeestephen

Alibaba probably makes a lot of money through foreign sales.


6 posted on 07/16/2014 10:15:14 AM PDT by GeronL (Vote for Conservatives not for Republicans)
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To: GeronL
Yes.

According to Wikipedia, the company began as a Business-to-Business website that linked Chinese manufacturers directly to foreign buyers.

They also started a Chinese “Pay-Pal” knock off, so they probably earn substantial money by financing small consumer purchases, since credit card use is still quite limited in China.

Also of interest:

They own the largest TV shopping network in China.

They deliver more than 60% of parcels in China.

7 posted on 07/16/2014 10:42:17 AM PDT by zeestephen
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