In the 1990s, with the cost of manufacturing in China rising due to increased government regulations and the nation’s evolution from an emerging nation to an established power, and the share of American manufacturing outsourced to China falling, a means to reach out to new American consumers was needed. In this problem, Jack Ma, a former English
The ‘Chinese Amazon’ Takes On The American Market
The Alibaba Group has announced plans for an IPO in the U.S., but is the Chinese e-commerce giant ready to compete with Amazon.com and eBay on their home turf?