World Business News

A round up of the latest news for those doing business internationally

China’s Alibaba plans US online shop

Zone(s): China, USA ¦ Sector(s): Web, Technology
[11 June 2014, BBC News] China’s e-commerce giant Alibaba is launching its first online marketplace in the US – – as it looks to expand its operations outside China. The move comes ahead of Alibaba’s share sale in the US, widely expected to one of the biggest by a technology firm.

Alibaba is China’s biggest online retailer. The total value of goods sold on its platforms last year exceeded that on Amazon and eBay combined. The portal will initially be open to customers by invitation only.

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