Alibaba Group Holding Ltd (NYSE:BABA) is moving fast after its IPO in the US. The Chinese e-commerce giant is looking to increase its hold in the market by increasing traction in various areas. In a program on CNBC, Porter Erisman, author of the latest book on Alibaba Group Holding Ltd (NYSE:BABA) history, said that acquiring eBay Inc (NASDAQ:EBAY) might be the best option for Alibaba Group Holding Ltd (NYSE:BABA). He said that Alibaba has always been open for media. Since day one, Jack Ma let the media and journalists track the performance and progress of the company.
Erisman thinks that Alibaba Group Holding Ltd (NYSE:BABA) is also learning from eBay Inc (NASDAQ:EBAY)’s experiences. eBay Inc (NASDAQ:EBAY) launched its business in China but failed badly. Alibaba doesn’t want to repeat the history. As long as political environment is stable, Alibaba has a great chance not only in getting a huge success in the e-commerce market, but also to gain a strong hold in other parts of the tech industry like content, streaming, media, social media.
The author of the book ‘Alibaba Group Holding Ltd (NYSE:BABA)’s World’ said that there is a strong relation between Alibaba and the Chinese government, and this factor could be a stumbling block in Alibaba and eBay deal because the US investors and authorities are skeptical about Alibaba Group Holding Ltd (NYSE:BABA)’s ambitions in the US market.
Alibaba Group Holding Ltd (NYSE:BABA) is a perfect fit and ‘Entrepreneurs’ platform’, unlike eBay Inc (NASDAQ:EBAY) and Amazon business model, which was, according to Erisman, more favored for the developed economies.
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