Ma: Taobao mind to enter the United States have sophisticated

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Alibaba is looking for partners around the Silicon Valley, hoping to launch the U.S. version of Taobao, Taobao, known as China's eBay.

Alibaba Taobao parent by Humayun founded 10 years ago. Ma has recently said in an interview that he hoped the United States set up a base to expand Taobao and online payment system to pay Bao territory. Ma said the idea has been brewing for two years, that is, how we operate in the United States and Europe.

Humayun said, "Now is the best time, we believe that if in the next two months will be able to realize the expansion is the best. This is why we find a very willing partner." Industry believes that this act Ma will face many obstacles, not only the depth of U.S. economic recession, but was referred to as the "Godfather of Chinese Internet" at the Ma has never flinched in front of new challenges too. Ma is confident that "in 2009 is undoubtedly a good year."

Humayun all last week with Alibaba executives arrived in San Francisco Bay Area looking for business opportunities, they will also travel to Seattle and New York. They visit companies, including Google, Yahoo, Amazon and even eBay.

In 2005, Yahoo's Alibaba to invest one billion U.S. dollars to obtain 40 percent stake in Yahoo, Alibaba China is currently holding. Overseas, the company famous in Alibaba, which is a global association of SMEs in China and overseas manufacturers portal. Ma was sitting in a restaurant in San Francisco came up with the name Alibaba. He and one of the ancient myth of the Arab characters relevant and easy to spell, but also can be cross-cultural areas of people's identity.

5 years ago, eBay at eBay after the Chinese takeover of China's leading auction site at the time. Now, eBay has been lagging far behind Taobao, which occupied the Chinese network of 80 percent retail market share, annual sales in 2008 reached 15 billion U.S. dollars. Third quarter of last year, Alibaba's cash reserve will reach 2.3 billion U.S. dollars. Long-term investment in China H & Q Asia Pacific Chairman Hsu rise on Alibaba is not a surprise.

Hsu said that "Chinese companies now hold more cash, they are trying to expand markets to the West. A lot of the future, they will appear, looking forward to Chinese enterprises to participate in the global market competition. As for Alibaba this action can not succeed, it is difficult to to answer questions. "

Just as Silicon Valley Internet company in China, suffered defeat, Chinese enterprises may also be difficult to infiltrate the American purchasing habits. TaoBao at the United States set up the brand will be very difficult task, the United States countless overseas companies such as Toyota, Acer entered the U.S. market when they spend a lot of time and money. And Taobao have to go and eBay, Amazon fight, of course, does not rule out that it will work with one of a joint.

Thomas Weisel analyst Guo Cyrus Kresta (Christa Quarles) said, "I (Ma's plan) have some doubts, but you can not deny that Ma will succeed. In China, Taobao totally beat eBay. I understand him ambitions. he is shaping an empire. "

China has 300 million Internet users last year at more than the United States. Forrester Research data show that last year the United States network transaction volume reached 141 billion U.S. dollars, while China is only 19 billion U.S. dollars.

Alibaba Vice President of Public and International Affairs约翰斯伯里奇(John Spelich) said that we are discussing what their business model is still too early. Taobao and only 10% of the business and linked to the auction. However, Taobao said the 1% of web traffic from the United States.

Last weekend, the 44-year-old Ma, School of Business at Stanford University by the superstar treatment, he spent more than 1 hours time to answer the question raised by students and engineers. The energetic, arm waving from the business leaders have not been professional and technical training, also a former teacher, he reiterated that his business model: customers first, employees second, the third investor.

He and his team seem to have mastered survival in Silicon Valley - the momentum pressure people. Humayun said, "This race has just begun."