Alibaba has made an impressive $25 billion in October last year last year and now they are working on their next big move. They are trying their hardest to move their way into the United States. According to Jack Ma, CEO of Alibaba, he hopes that in the next 15 years the company is like Microsoft, IBM, and Walmart because they have changed the world. They are well on there way to becoming more like these companies though. Which is why they are ready to start importing American goods to the Chinese e-commerce market.
Alibaba helps connect small businesses around the world to the Chinese market. They provide all of the tools needed to help foreign companies get over the typical obstacles they are faced with while beginning their move to the Chinese market. Even though they are capable of doing all this they have been faced with a tough task, positioning the company for its next phase of growth. This next step will focus on developing strong relationships with foreign American companies and its expansion.So far, Alibaba has not disappointed. In fiscal year 2014, which ended on March 31, revenues grew by 52% to RMB 52.5 billion from the prior year. From 2012 to 2013, revenues were up 72%. Profits have continued to soar as well, shooting up 175% in 2014 from the prior year and doubling from 2012 to 2013.
Alibaba plans on connecting American companies by putting on Access Asia 2017 this October at Pacific Palms Resort in City of Industry . This trade summit will provide attendees with information on how to connect to the Chinese Market. For more information please visit http://www.accessasia2017.com or call toll free 1-855-566-4156