Chinese Alibaba in the U.S. – Analyst Blog
Zacks Market Commentaries (September 14th, 2009) Writes:
The U.S. e-commerce market is heating up, with new competition from China-based Alibaba.com. Alibaba Group CEO Jack Ma recently announced that its new business-to-business (BTB) e-commerce platform is currently in the beta stage and could be expected to launch in the U.S. by the end of the year. This seems to be a good time to launch the site since traffic may be expected to increase as a result of the holiday season. However, the company’s entry will no doubt increase competition for existing players such as Amazon.com (AMZN), eBay Inc. (EBAY) and Wal-Mart Stores Inc. (WMT). Still, online retail is one of the few markets that are expected to continue growing this year. According to Forrester Research, non-travel ecommerce sales in the U.S. are expected to grow 11% in 2009, a slight slowdown from the 13% growth seen in 2008. One of the major
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