Alibaba Groups Profile and Counterfeit Goods

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Table of Contents

Introduction
Company Profile
Company History
Mission and Vision
Competitive Advantage
Problem Statement
Reference List

Introduction

The contemporary world is known for the fast progress in digital technologies facilitated by the internet that provides total and ubiquitous connectedness on the global level. As a result, the businesses involved in online retail have a massive advantage to expand their customer base and increase their income. The focus company of this paper is the Chinese e-commerce giant called Alibaba Group the largest retail and wholesale company specialized in the online trades. Alibaba Group is known for its rapid expansion and the development of a broad ecosystem that secured a variety of competitive advantages for it.

Company Profile

Alibaba Group Holding Limited is based in the Peoples Republic of China; however, its business operates globally, and the company has customers in every continent. The leader and the major founder of the company is a businessman and a former teacher of English, Jack Ma. Today, he is known as one of the wealthiest people on the planet and his business success and strategy are admired and studied in the business schools as exemplary. Initially, Alibaba Group was organized with one main objective to create marketplaces for the small domestic businesses of China (Alibaba Group Holding Ltd (BABA.N), n.d.).

Company History

Jack Ma and 17 of his associated founded Alibaba Group in 1999 (The History & Timeline of the Alibaba Group, 2014). Focused on their role of the providers of the growth opportunities for the small domestic manufacturing companies, Alibaba Group took the Chinese trades to the new level. As a result, today, the Chinese business tend to produce more goods than the local consumers need as they rely on the customers from abroad. As the e-commerce business of Alibaba grew, the company became to penetrate many other spheres of life of their customers. These days, they B2C and B2B online platforms specialized in retail and wholesale such as TaoBao, Aliexpress, and T-mall, mobile payment (Alipay) and Cloud computing services; the company also is involved in the entertainment sphere owning a TV channel and producing motion pictures, mobile games and supporting a mobile browser (Alibaba Group Holding Ltd (BABA.N), n. d.)

Mission and Vision

According to the website of Alibaba Group, its mission is to make it easy to do business anywhere (Company overview, 2016, para. 1). The focus on the expansion of the business and growing its ecosystem is the main idea of the companys vision and its primary goal. Small businesses remain the main target of Alibaba Group (Culture and Values, 2016).

Competitive Advantage

The competitive advantage of Alibaba Group is its size the e-commerce giant is larger than several platform that operate in Europe combined which reflects in its level of income (Heres Why Changing Market Dynamics Should Worry Alibabas Investors, 2014). Besides, the strong and all-consuming ecosystem provides a larger client base and secures the companys dominant position in more than one market.

Problem Statement

One of the biggest problems Alibaba Group has to deal with is the heavy presence of counterfeit goods in its e-commerce platforms. In fact, most of the companys current income originates from the activities of the counterfeiters selling know off items via the Chinese platforms. The leaders of the company are known to overlook this issue offering their marketplaces on mild conditions to all kinds of businesses (Buchwald & Neckes, 2014). Some of the worlds most renowned brands such as Gucci and Yves Saint Laurent noted that they were willing to press charges against Alibaba for the support of knockoffs that harmed the original manufacturers (Raymond, 2015).

Reference List

Alibaba Group Holding Ltd (BABA.N). (n. d.). Web.

Company Overview. (2016). Web.

Culture and Values. (2016). Web.

Heres Why Changing Market Dynamics Should Worry Alibabas Investors. (2014). Web.

Raymond, N. (2015). Alibaba sued in U.S. by luxury brands over counterfeit goods. Web.

The History & Timeline of the Alibaba Group. (2014). Web.

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