We don't want to make this into a single-company blog. However, Alibaba.com and its founder Jack Ma continue to keep themselves far enough in front of the rest of the pack that they generate the most intersting news. Two interesting pieces today in the usually dull Shanghai Daily.
In the first, we see a report noting that the value of trades on Alibaba's eBay challenger site, taobao.com have increased 41% year on year in the 3rd quarter. The company is reporting trades of Rmb2.34 billion (US$289 million) and 60% market share. Of course, it still doesn't charge for taobao activity so that 60% share generates Rmb0 for Alibaba.com just now (except in investor dollars, of course).
Elsewhere, Rupert Hoogewerf's annual China rich list has just been published, for the seventh time. It includes 7 US$ billionaires among the 400 Chinese 'super rich' listed. The Shanghai Daily report notes that:
Jack Ma, founder of Alibaba.com, made it to the top 100 for the first time, landing in 36th, thanks to a US$1 billion investment from Yahoo! China. Ma was also ranked the second most powerful business owner in another list released by Hoogewerf on Monday.
Thursday, October 13, 2005
More on Alibaba.com
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