News Amazon to take on Alibaba in China following recent new role?

Discussion in 'Business News & Resources' started by Cody, Jun 28, 2018.

  1. Cody

    Cody

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    The Alibaba Group, a Chinese eCommerce marketplace that was founded on the 4th April 1999 in Hangzhou, China, with a revenue of over $39.898 billion (2018) has clearly made it obvious they are number one in the South East Asia region.

    However, Amazon has most recently began to show their own potential efforts to move into the landscape and take on Chinese eCommerce giant, Alibaba.

    Amazon are now hiring for a manager "with end-to-end responsibility for scaling operations and partner programs in a new strategic initiative in China." And with just around 2% of the market, Amazon are going to have to bring out the big guns to go up against market leaders Alibaba and JD.com.

    Amazon will be looking at launching a small business lending program in China which could encourage further users, especially in China to use their marketplace platform.

    Currently, Amazon has only issued loans in the US, Japan and the UK, where they made an estimated $3 billion in short-term loans ranging from £1,000 up to $750,000.
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