In a program on CNBC, Mike Butcher, editor at large with TechCrunch said that Alibaba Group Holding Ltd (NYSE:BABA) can easily replace Amazon.com, Inc. (NASDAQ:AMZN) and eBay Inc (NASDAQ:EBAY) as the world leader in ecommerce. Amazon and eBay currently hold the trademark position in the US as well as emerging markets. Both companies deliver items from categories like electronics, mobiles, grocery, apparel, beauty items and clothing. Alibaba Group Holding Ltd (NYSE:BABA) on the other hand has just stepped in the US after conquering the Chinese markets. Butcher thinks that there is no point in rejecting the idea that Alibaba is the future world leader in the e-commerce. He thinks that people are already tired of eBay Inc (NASDAQ:EBAY) and Amazon.com, Inc. (NASDAQ:AMZN). They have done their part and now on the decline. Alibaba Group Holding Ltd (NYSE:BABA) has the most innovative infrastructure and money to win the market but this would take time.
Butcher said that Taobao is the vital factor in determining the future of Alibaba Group Holding Ltd (NYSE:BABA). Taobao is the website like eBay and Amazon.com, Inc. (NASDAQ:AMZN) to sell products. It is operated by Alibaba Group Holding Ltd (NYSE:BABA) and currently available in Chinese language. Butcher said that if Alibaba could get the user experience, marketing and ease of access and shipping right, they can seize the market. Alibaba Group Holding Ltd (NYSE:BABA), instead of consolidating its ecommerce business, is currently on the move to get its hands on projects like streaming, Hollywood movies and devices.
Butcher said that there can be some issues for Alibaba Group Holding Ltd (NYSE:BABA) from the regulators in Europe regarding payments, privacy and data integrity. He said that Amazon.com, Inc. (NASDAQ:AMZN) and eBay Inc (NASDAQ:EBAY) are deteriorating and the future can be different in terms of ecommerce.
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