Jack Ma, founder of China’s e-commerce behemoth Alibaba, said on Thursday that the group will set up an international version of its e-commerce marketplace Taobao to serve buyers worldwide in multiple languages, including English and Chinese, Reuters reported.
Alibaba is the largest online and mobile commerce company in the world in terms of gross merchandise volume (GMV). The group already has a global marketplace called AliExpress, but that’s mostly for Chinese merchants to ship wholesale to overseas buyers. Unlike Ebay, it does not involves person-to-person selling. Besides Taobao, the firm runs also runs Tmall, China’s largest third-party platform for brands and retailers.
The statement was made at the sidelines of the World Internet Conference, being held over three days in the town of Wuzhen. Alibaba recently raised a record $25 billion from its initial public offer (IPO) on the New York Stock Exchange.
Alibaba also garnered a staggering USD 9.3 Billion on the very first day of the recently concluded Double 11 online shopping carnival in China
In September, Taobao also launched a regional version for Southeast Asia, with translation available for a few major languages, including English. Though it is unclear clear whether the Chinese firm plans to expand Taobao roots in India any soon, it may well keep any such plans in the backpack, seeing Amazon’s failure to attract Indian customers, who are more attracted towards home-grown platforms like Flipkart and Snapdeal.