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Alibaba Information ¡¾Company¡¿ famous Alibaba (Alibaba.com) is a global inter-enterprise (B2B) e-commerce one of the best brands, is the world's largest online trading market and business communication communities. Alibaba was founded in late 1998 and headquartered in Hangzhou, and set up overseas in Silicon Valley, London branch. Alibaba (Alibaba.com) is a global inter-enterprise (B2B) e-commerce brands, is the world's largest online trading markets. Good location, solid structure, excellent service to make Alibaba the world's first merchant has 2.2 million e-commerce website, a global business network to promote the first site to be business people as "the most popular website among enterprises . " Outstanding results to Alibaba, and various people's attention. Sutherland served as the first Director General Alibaba consultant, U.S. Department of Commerce, the Japanese Ministry of Economy, SMEs in the European Union and other government and private agencies to local businesses recommended by Alibaba. Alibaba founder Jack Ma, CEO of the renowned "World Economic Forum," selected as "future leaders", Asian Business Association of the United States selected as "business leaders", is 50 years, first as "Forbes" Cover Chinese entrepreneurs, and has been invited as the world's leading institutions of higher education at MIT, Wharton Business School, Harvard University lectures. May 2002 Mayun Rong Deng, Japan's largest "day after" Magazine Cover, "Nikkei" magazine spoke highly of the Sino-Japanese trade Alibaba contribution to the field: "Alibaba has to break even, as the entire Internet world proud. "Alibaba has set up four years, 400 dozen languages worldwide famous news media reports on Alibaba tracking has never stopped by the media as" truly world-class brand. " SARS outbreak in 2003, highlighted the value of the network business, the company was to become the preferred business platform for global enterprises, the website continued rapid development of the indicators, of which the level of activity on behalf of commercial sites and sites important indicator of quality - daily new supply and demand information compared to same period last year 3 to 5 times. Alibaba China by 1.4 million members of the sample survey found that three months in the SARS period 42% of the total business deals, performance contrarian up 52% of enterprises to further consolidate the world's first commercial platform Alibaba position. Detection of the world's leading authority on global commerce site Alexa.com and trade class ranking site investigation, Alibaba ranked No. 1. "Listening to customers, satisfy customer needs" is the foundation of survival and development of Alibaba, the survey showed: Nearly half of Alibaba's online membership through word of mouth and use that Alibaba Alibaba; the Alibaba business platform by industry members percentage of total membership reached Nearly half of collaborators. The Dream Team from the world's elite team is the cornerstone of Alibaba buildings, perfect combination of strong team, target firm conviction, to go 102 this year (late 20th century the century .22 the year count for one year, can be said that Ali Baba to walk three centuries) in the enterprise achieve its mission: "Let the world is not difficult to do business!" Alibaba's Alibaba Group: Alibaba Network - China International Station Station Station Taobao Alipay Japanese Chinese word of mouth Yahoo Yahoo network software Alibaba Ali Ali Mama Site Overview ¡ô Alibaba (Alibaba.com) is a global inter-enterprise (B2B) e-commerce brands, is the world's largest international trade, the most active online trading market and business community, has integrated the B2B, C2C, search engines and portal. Headquartered in Hangzhou, eastern China, in Mainland China has 16 sales and service centers, with branches in Hong Kong and the United States. As of December 31, 2006, the company has more than 3,500 full-time employees. Become the world's first network has more than 8 million business e-commerce sites, over 220 countries and regions around the world daily business and business to provide 8.1 million commercial supply and demand information to be business people as "the most popular B2B website" . ¡ô Alibaba outstanding achievements made by the public attention. WTO Director-General Sutherland as the first Alibaba consultant, U.S. Department of Commerce, the Japanese economy, Trade and Industry, Federation of European SMEs and other government and private agencies to local businesses recommended by Alibaba. Alibaba two-time MBA from Harvard Business School case study in the United States launched the academic enthusiasm; consecutive five times by the U.S. financial magazine "Forbes" named one of the world's best B2B site; many times by the relevant institutions as the global the most popular B2B website, China Business class outstanding website, hundreds of excellent sites in China, China's best trade network; by domestic and foreign media, foreign venture capitalists in Silicon Valley and praised and Yahoo, Amazon, eBay, AOL internet par five business school representatives. Site History ¡ô 2003, 5 months, invested 100 million yuan Alibaba personal online trading platform launched Taobao (Taobao.com), creating the world's largest personal trading site, in July 2004, but also additional investment of 350 million yuan, in October 2005, additional investment of 1 billion yuan again. As of December 31, 2005, Taobao, the number of online products more than 16.63 million, the number of breaking 13.9 million registered members, the fourth quarter of 2005, turnover reached 3.03 billion yuan, accounting for 70% of China's C2C market share leader in China's distant individuals e-commerce market. ¡ô 2003, 10 months, Alibaba create an independent third party payment platform - Alipay, entered the field of electronic payment now, Paypal and domestic industry have been banks, China Construction Bank, Agricultural Bank and China Merchants Bank, the international VISA International organizations to establish strategic cooperation with major financial institutions, to become the largest independent third-party electronic payment platform. As of December 2005 data, by Alipay's average daily trading volume in Taobao had more than 20 million yuan, and the momentum of growth remains rapid. ¡ô 2005, 8 months, Alibaba and the world's largest portal, Yahoo reached a strategic cooperation, Alibaba merger all the assets of Yahoo in China, Alibaba become China's largest Internet company. Alibaba currently owns the following business: B2B (mainly with Alibaba), C2C (Taobao, an auction), electronic payment (payment Po), portal + search (Yahoo). ¡ô 7 Alibaba Group dated 28 start the listing process in Hong Kong, Alibaba to the Hong Kong Stock Exchange Listing Committee submitted its first formal listing application will be Alibaba's B2B (business-to- business) companies listed in Hong Kong. ¡ô As a subsidiary of Alibaba Group, Alibaba.com is China's leading B2B e-commerce company. From the total amount of user access point of view, the global import and export enterprises in international trade websites (www.alibaba.com) and for domestic trade buyers and sellers of domestic trade website (www.alibaba.com.cn) is the most Welcome to B2B online trading platform. Alibaba SMEs around the world to provide an effective B2B e-commerce solutions. ¡ô Alibaba International station's leading online B2B marketplace, global buyers and importers looking for in this country from China and other manufacturing suppliers. As of December 31, 2006, Alibaba International station has come from more than 200 countries and regions more than three million registered users. ¡ô Alibaba China Station is a leading B2B online marketplace. As of December 31, 2006, Alibaba in China China's stand has more than 16 million registered users. ¡ô Ali Mama (www.alimama.com) is a new trading platform, first introduced its "Advertising is a commodity" concept, to show ads for the first time as a commodity in the trading market, so buyers and sellers can clear to see. Advertising is no longer a part of people's patents, Ali Mama buyers (advertisers) and sellers (web master) to easily find each other! Chronology * December 1998 Ma and the other 17 founders in Hangzhou, China released the first online trade market, called "Alibaba Online" * Alibaba Group in June 1999 the official carrier. * October 2000 to promote the company for the better sellers in China's export trade, launched the "China Suppliers" service. * June 2001 to better serve the company as an international seller, available on the international station, "trust pass" member. * March 2002 launched China Station "trust pass" membership program, and better service in China's domestic trade sellers and buyers users. * October 2003 launched the exchange of software tools "Tradelink", which can make the buyer and seller to communicate in real time through the network. * March 2005 Alibaba China launched keyword bidding service. * April 2007 launch of Hong Kong "China Suppliers" services, and promote export trade. * August 2007 to submit a listing application to the Hong Kong Stock Exchange * Successful listing in October 2007. April 11, 2008, Alibaba strategic level products, "Wang Pu (winport)" official opening experience, the reporter learned from Alibaba, the strategic-level product name is called, the product is based on enterprise-class e-commerce platform that will help small and medium first step in expanding the business enterprise. According to the relevant responsible person said that Alibaba, Alibaba, "Wang Pu," now consists of three platforms: enterprise information display platform of enterprise marketing platform and business communication platform; Alibaba in the future, "Wang Pu," will gradually expand more to help SMEs the basis of e-commerce application platform. Alibaba Financing Events: October 1999, introduced including Goldman Sachs, Fidelity Investments (Fidelity Capital) and the Singapore Government Technology Development Fund the first phase of five million U.S. dollars, including Angel Fund; January 2000, was Japan's Softbank (SOFTBANK) injection of 20 million U.S. dollars; February 2002, the third round of financing, Japan Asia Investment Company injected five million U.S. dollars; February 2004, received 82 million U.S. dollars in strategic investments. Investors include Softbank, Fidelity Investments, Granite Global Ventures and TDF Ventures Ltd. and three other companies; August 2005, formed a strategic alliance with Yahoo. Alibaba actual cash income of 250 million U.S. dollars. These include Yahoo's 70 million U.S. dollars (to purchase ordinary shares), and Softbank's 180 million U.S. dollars (buying convertible bonds). Taobao to become 100% holding company. Yahoo become the largest shareholder, with 40% of the shares. Ma and his team for the second-largest shareholder, with 28.2% stake in Softbank, the third largest shareholder, with shares of 16% Cultural ideas Alibaba's corporate culture Since its inception in 1999, Alibaba, Alibaba value system based on a strong corporate culture has become the cornerstone of Alibaba Group and its subsidiaries. Our commercial success and rapid growth in the spirit of entrepreneurship and innovation-based, and always focus on customer satisfaction. Alibaba Group's six core values, which dominate all our actions, is an important part of the company's DNA. In the hiring, training and performance evaluation of the company's management system integrated into the six core values. When new employees join Alibaba, their headquarters in Hangzhou, a two-week induction training and team building courses, the courses focus on the company's vision, mission and values. Moreover, in our regular training courses, training and corporate team-building activities should reinforce these elements. Alibaba from Hangzhou, China started the first 18 entrepreneurs grow 20 offices on three continents with more than 5,000 employees of the company. We strive to create for the staff can be positive, flexible and results-oriented environment to work closely together in the family. No matter how much we grow as a company, a strong shared values, so that we maintain a common corporate culture and Ali House. Alibaba's dream: the development of new business by way of creating a different world Alibaba's mission: to make the business world is not difficult Alibaba's vision: The establishment of a sustainable development of the company 102 One of the world's top ten websites As long as businessmen must use Alibaba Alibaba values Employees first, customers second: focus on the customer's concern, to provide advice and information to help customers grow Teamwork: Sharing shared, I am small I accomplish Embracing Change: Breaking through the self, to meet the changing Integrity: honesty, integrity, commitment Passion: never give up, optimistic Dedicated: a professional attitude and the mentality to do ordinary things extraordinary "I think the employees first, customers second. Without them, there is no such site. Only they're happy, our customers will be happy. The customers are encouraged to language, words of encouragement, but also make them like mad Like to work, it also allows us to continually develop the website. "- Ma Quotations Awards Honor ¡¤ Alexa.com international trade, the most popular website; the most popular e-commerce site * Forbes magazine for seven consecutive years "Best B2B Web site," one of the * Fortune magazine six most small business entrepreneurs welcome the site of the world Controversy Yahoo aides dispute ¡ô 2005, Alibaba acquired Yahoo China 8 Ô its by-products Yahoo Assistant, July 2006, Qihoo launched a professional killing malicious software "360 security guards", and Yahoo is defined as the assistant to remove the rogue software causing Ali Baba's strong dissatisfaction, causing nothing to fall back. August 17, 2007, odd tiger and Alibaba on the "rogue software" nothing to fall back the case to an end the victory. Qihoo successful prosecution of unfair competition, Alibaba, Alibaba v. Qihoo constitute unfair competition won. According to Qihoo company, Alibaba's Yahoo Assistant interference Qihoo 360 for normal operation and installation, and the user selects "no delete" the case, contrary to forcibly remove 360 software user instruction, constitute unfair competition, illegal behavior. Haidian District People's Court ruled that compensation Alibaba Qihoo 80,000 yuan, and the official website for 7 days in the company apologized to the odd tiger. But only 7 days before the Beijing Second Intermediate Court sentenced Qihoo lost, Qihoo Alibaba compensation 30,000 yuan economic loss and reasonable litigation expenses 4 million yuan. Alibaba prosecution, said: "Qihoo security guards" (also known as "360 security guards") software tools through other Web sites and free software bundle spread to Yahoo Yahoo Widget assistant and the so-called software as malicious software, the customer can not normally Yahoo Assistant and Yahoo Widget software, constitute unfair competition, Prior to Yahoo, because the assistant was once considered a rogue software because the user is installed without the knowledge of, and can not be deleted, so aroused much controversy. Events are being addressed in the trademark registration In 2007, is universal technology litigation. It is related to general company description, are common company May 14, 1999 in 42 categories of goods and services in the application for registration "alibaba alibaba" in Chinese characters and English mark, and was recently issued by the Trademark Office to obtain trademark registration of 42 Classes and e-commerce related services within the exclusive right of trademark. And Alibaba on September 9, 1999 established in its official www.alibaba.com.cn Web site use "alibaba alibaba" trademarks, and are common in 42 categories constitute approximately trademark services, violation of S & P companies are "Alibaba alibaba" trademark. The company has a trademark registration are common, so that Alibaba proceedings in this case there is a great legal risk. Once Alibaba lost, the establishment of trademark infringement actions, it means the site can no longer use the "Alibaba alibaba" words. Alibaba registered trademark controversy sprung up in the market before, now have multiple reports that Alibaba mark really is not approved, this means Alibaba Group not own any type of principal operations in China, "Alibaba" relevant trade mark exclusive right. Understood that the present in all 45 categories of trademark registration, the applicant appears as Alibaba Group and associated businesses, "Alibaba" text mark of 10. In contrast with the phenomenon is, as of now, all 45 Class, the parties have covered the application for registration of enterprises and individuals, "Alibaba" word trademark registration has reached 126 (including invalid TM), which does up to 10 the number of pieces of trademark rights. According to some insider, "Alibaba" brand food situation in sub-long encounter, early in the Alibaba Group, before the establishment of the predecessor company, that several pieces of the same name as trademark in different classes of goods and services do right. Network platform Alibaba site includes two adjacent markets: Alibaba International Station (www.alibaba.com) a leading online B2B marketplace, global buyers and importers looking for in this country from China and other manufacturing suppliers. As of June 30, 2007, Alibaba International station has come from more than 200 countries and regions more than 3.6 million registered users. Alibaba China Station (www.alibaba.com.cn) is a leading B2B online marketplace. As of June 30, 2007, Alibaba in China China's stand has more than 21 million registered users. Business Activities * Universities Alibaba and China are more than 70 leading universities, by Alibaba Institute for professors and students to provide e-commerce training courses. Alibaba annually invites more than 100 university professors to study in Hangzhou based e-commerce core curriculum. Upon successful completion of courses of study, the professors return to their university e-certification courses for students. Through the program, China's future business leaders get the real e-business skills, improved their prospective employers and Group's value. * Alibaba Network Business Conference - Entrepreneur of the Year summit Alibaba Alibaba Alibaba net annual Business Conference held in Hangzhou. Up to 10,000 merchants to participate in activities they engage in dialogue, learning from the use of the Internet for business trade the experience of other entrepreneurs. The campaign eventually "Ten network operators" to pull down the curtain Awards, winning the award recognizes human E-commerce and community contributions. * Lake swordfight Alibaba in 2000, the activities held in the first round this lake, which brought together businessmen, government officials and industry leaders to discuss joint cooperation of all stakeholders to further develop the Internet industry and e-commerce methods. Recent session of the West Lake swordfight, including those from the world's leading Internet companies as the main speaker speaker and former U.S. President Bill Clinton. Alibaba to become China's first Internet companies 20 billion dollars Financing into the global Internet, the second China's leading B2B e-commerce company Alibaba Group's flagship company, and Alibaba.com Limited (Stock code: 1688) in October 2007 at the Hong Kong Stock Exchange started trading on the Main Board. Alibaba listing on the first day, opening price 30 Hong Kong dollars, representing an issue price of 13.5 Hong Kong dollars rose 122%, became the first Chinese Internet market value of more than 20 billion U.S. dollars of the company, taking into account after the close of the exercise of the over-allotment option of the funds raised, Alibaba become the world's second-largest Internet financing. Alibaba midday closing price of 35.75 Hong Kong dollars. Management team, 18 Founder and over 100 guests attended the listing ceremony of Alibaba, Alibaba shares witnessed the opening transaction. Jack Ma, Alibaba Group Chairman and Chief Executive Officer to the guests at the launch ceremony, said: "We welcome new investors in Hong Kong and around the world to join, and we build a world-class e-commerce company. Today is an important Alibaba milestone, a symbol of e-commerce development will usher in a new era, the global benefit of SMEs. We hope to build the first eco-systems and e-commerce infrastructure to enable SMEs to grow their business in China and the world. " David Wei, CEO, said: "We listed in Hong Kong is an important milestone for the company. Alibaba was founded in 1999, aims to help small and medium enterprises around the world via the Internet to develop their business. Today, we have become a public company Our goal remains the same. We will use the listing of the resources and brand recognition to bring to expand our membership communities, to add more value to their business. " Alibaba and its parent company Alibaba Group, the first sale of the global total of 858,901,000 shares, of which 227,356,500 shares sold by the company, Alibaba Group, by the sale of 631,544,500 shares. International underwriters exercise over-allotment option, the additional sales Alibaba Group 113,678,000 shares. 8 based investors to participate in Alibaba's global offering, including Yahoo, AIG Global Investment Corporation (Asia) Ltd., Foxconn (Far East) Limited, Industrial and Commercial Bank of China (Asia) Ltd., Cisco Systems International BV and Kowloon respectively Warehouse Group Limited Chairman Mr Peter Woo, the Kwok family (Sun Hung Kai Properties Limited, the controlling shareholder) and Mr. Kuok Hock Nien. Based investors total investment of 2.1 billion Hong Kong dollars (274 million U.S. dollars), while investors have agreed to share all the basic lock on the date of listing of 24 months. Start callback mechanism, based on a total investment of 2.1 billion Hong Kong dollars, or about 18% of the scale of the global offering. 26 noon in the public offering, the public offering of more than 258 times oversubscribed, the freezing of funds up to 450 billion Hong Kong dollars, the Hong Kong stock market to create the highest ever funding freeze. Hong Kong stock market had a record freeze funding is Belle International (1880) in May 2007 to 446.3 billion Hong Kong dollars recorded, the following is the world's largest IPO of 2006 events --- Industrial and Commercial Bank of China's 411.5 billion Hong Kong dollars, and in April 2007 Mainland Real Estate Country Garden 333 billion dollar commercial frozen funds. Goldman Sachs (Asia) Limited and Morgan Stanley Asia Limited as its global offering of the Joint Global Coordinators and Joint Sponsors; the two companies, together with Deutsche Bank Hong Kong branch of the joint bookrunners and joint lead managers ; NM Rothschild & Sons (Hong Kong) Limited for the company's financial advisor. 6 Day, Alibaba set up specially invited to 8 years 8 customer representatives to Hong Kong to participate in public ceremony to witness this on Alibaba and SME bosses are for the moment. Alibaba Chairman Jack Ma said earlier that a company has three represents, on behalf of clients interests first, the second representative of the interests of staff, is the first three represents the interests of shareholders. For investors, they attached even greater importance, Alibaba and its customer base --- hundreds of millions of small and medium enterprises, growth of these enterprises and self-adaptability to face the environment has already experienced nearly 20 years The baptism of the market, once they have mastered the way the world via the Internet for their growth will face an explosive growth. Wall Street Journal that "China, Alibaba has the most populous country in the world more than 2 / 3 of B2B business market and a growing number of SMEs list." And Alibaba is the world's most realistic way to small and medium enterprises, "because they are almost grown up together, with options to globalization." Analysys International CEO at Young, said: "More and more Chinese companies are beginning to feel the Internet to help them improve the power of business, prompting more and more popular Alibaba service." Internet experts Jiang Qiping that this also represents the trend of world economic development. Traditional view that the Asian economic development model should be representative of Japan, "Toyota economies of scale", but Alibaba's listing will be replaced by China's experience in a landmark event in the Japanese experience, this is "China's economic rise in the sample." Alibaba B2B market, the Alibaba Group will integrate its five corporate resources, Ali will make its users to find reliable business partners and consumers, with these partners to complete the transaction, the management of their enterprises, information flow, capital and logistics services. Through a variety of services to maximize the positive feedback amplification of the network effect. Undoubtedly, the Alibaba Group, and the overall strength enough to Google, eBay, Yahoo, Amazon the world's major Internet giants compete (market value of the four after a minimum of 35.7 billion U.S. dollars). By virtue of this so-called "Dharma five fingers" of punching, Ma is expected ahead of schedule, "Alibaba should be in 3 years to become strong global Internet 5 and 10 years, the Internet 3, a strong" dream. ¡¿ ¡¾Mythical characters ¡ô "Alibaba and Sishitaidao" a "fantasy" in a very famous story, a vivid portrait of a medieval Arab empire in the life story: born poor, impoverished woodcutter Alibaba to firewood in the way , accidentally discovered the robber's treasure land. He easily get a large number of treasures, but he was not entirely for themselves. In addition to troubles for the robber who had plotted to kill Alibaba. Alibaba has been clever, witty, Jieruchou maid Mo Jina's help, it saved the day, and defeated the bandits. Mo Jina has destroyed the three robbers wit evil plans, so that the two robbers died in his companion's sword, the other 37 criminals being burnt to death by her with boiling oil. She also used the opportunity offered dance, with a dagger stabbing bandit chieftain. Finally, the Alibaba half of the treasure-house of property given to her and let his son marry her. Works easy to understand language, plot twists and turns are wonderful, vividly express people's desire and pursuit of a better life. Alibaba and Society Support for entrepreneurs, creation of economic opportunities worldwide Alibaba since its inception in 1999, its core mission is to make it easy to do business with merchants all over the world. Alibaba has come from more than 200 countries and regions more than 19 million members, its membership base mainly composed of entrepreneurs and small and medium enterprises. We believe, will power and the Internet open and fair integration of the global trade environment, can create economic opportunities for the grassroots and to alleviate the world of poverty Fangmian play Zhuyaozuoyong. By providing SMEs with cost-saving products and services marketing platform, Alibaba in developing countries and developed countries to create jobs and economic opportunities play an important role. Corporate social responsibility activities Alibaba think the first thing to establish a sense of responsibility in their model corporate citizen. Established values-based Alibaba a strong corporate culture, Alibaba efforts to ensure its employees and affiliates to work together to give their clients, colleagues and local communities in a positive impact. In addition to our own internal procedures, the company was entrusted with a unique responsibility - with the global business community more than 19 million registered members to share ideas, and they exert a positive influence. Exciting events include: Entrepreneur Training Over the years, Alibaba has business in China and around the world to provide management training courses, to share our e-commerce, global trade, value management and corporate social responsibility experience. Universities Alibaba and China are more than 70 leading universities, by Alibaba Institute for professors and students to provide e-commerce training courses. Alibaba annually invites more than 100 university professors to study in Hangzhou based e-commerce core curriculum. Upon successful completion of courses of study, the professors return to their university e-certification courses for students. Through the program, China's future business leaders get the real e-business skills, improved their prospective employers and Group's value. Alibaba Network Business Conference - Entrepreneur of the Year summit Alibaba Alibaba Alibaba held each year in Hangzhou, network operators the General Assembly. Up to 10,000 merchants to participate in activities they engage in dialogue, learning from the use of the Internet for business trade the experience of other entrepreneurs. The campaign eventually "Ten network operators" to pull down the curtain Awards, winning the award recognizes human E-commerce and community contributions. Lake swordfight Alibaba in 2000, the activities held in the first round this lake, which brought together businessmen, government officials and industry leaders to discuss joint cooperation of all stakeholders to further develop the Internet industry and e-commerce methods. Recent session of the West Lake swordfight, including those from the world's leading Internet companies as the main speaker speaker and former U.S. President Bill Clinton. Community volunteers Alibaba Group encourages its employees to actively participate in community service activities. Group often provide their employees to participate in community activities and charitable projects to facilitate the opportunity. Sua mode December 29, 2008, Foreign Trade and Economic Cooperation of Jiangsu Province and the world's leading e-commerce companies - Alibaba (China) Network Technology Co., Ltd. jointly create a "sub-station in Jiangsu Alibaba International Electronic Commerce" formally launched. The two sides will use Alibaba's corporate data and business information, aimed against the world's top regional e-commerce platform. According to statistics, more than 4,000 Alibaba Jiangsu Province, "China Suppliers" at the date of the first settled in the platform. Foreign Trade "winter" mode upgrade completed In fact, openness and dependence on foreign trade as a higher provinces of Jiangsu's export business has been very much agree with Alibaba's e- commerce services, there are already thousands of SMEs in the use of Alibaba "China Supplier" service to develop the international market and are get a good return, but there are still many enterprises in Jiangsu did not use e-commerce. "The main reason, there is insufficient understanding of the advantages of e-commerce, there is too much reliance on the traditional trade channels, there is a lack of determination to advance the cost of inputs, etc.," said Liang Chunxiao, vice president of Alibaba Group, "Sua mode" integrates Jiangsu Foreign Economic and Trade Office of the policy guidance, overall coordination and management capacity, and Alibaba in e-commerce for many years of experience and advantage, "compared to a single government, enterprise single 'core' driver, a government guidance and market operation phase combined, efficient and practical, the country's leading e-commerce platform, will effectively promote the foreign trade enterprises in Jiangsu province high-speed development. " It is reported that, in addition to "sub-station in Jiangsu Alibaba International Electronic Commerce" on-line the initiatives, Alibaba will, and Foreign Trade and Economic Cooperation of Jiangsu Province to cooperate
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