Jack Ma, the founder of Alibaba and AliExpress, has a remarkable story.
In 1964, he was born in Hangzhou, China. Although he didn't touch a computer until 1995, he is now the 33rd richest man in the world, according to Forbes.
While working as a full-time university teacher, Jack also ran a translating agency to earn some extra money. He went to the United States as an interpreter for a Chinese company. At that time, computers were a rarity in China, and Jack was initially intimidated by them.
Jack's first foray into the internet was in search of "Chinese beer," which returned no results. He asked a friend to create a webpage for his agency, and within eight hours, he received five emails. This experience showed him the immense potential of the internet. Behind AliExpress is Alibaba, and behind Alibaba is Jack Ma.
Ma left his job in 1999 and returned to Hangzhou where he co-founded Alibaba with 17 companions. In 2006, he shared the story behind the name "Alibaba." While sitting in a San Francisco coffee shop, Ma asked a waiter if she knew who Alibaba was. The waiter responded with "Sure, open Sesame." Curious, Ma took to the streets and asked random people if they knew who Alibaba was. Everyone he asked, whether they were from India, Germany, China, or elsewhere, answered in the affirmative. Ma chose the name "Alibaba" because it evoked an image of a courteous and intelligent person who assisted others, and because it was easy to pronounce. It was the perfect name for a business-to-business sales platform that opened doors to Chinese exports. Today, the platform boasts over 80,000 users.
Super Deals on AliexpressAlibaba is not just a single website; it is a business conglomerate led by Ma that offers a wide range of services. These services include Taobao, a consumer-to-consumer sales platform similar to Ebay; eTao, a site for comparing product prices; and AliPay, which is the Chinese version of Paypal.
One of the services offered by Alibaba is the popular AliExpress, which was launched only five years ago and is exclusively dedicated to retail sales. The platform is used by small and medium-sized Chinese companies as suppliers, while the majority of its customers are from foreign countries such as Russia, Israel, Italy, South American countries, England, and more.
This is not surprising, as AliExpress has a clear vision for international expansion, and as such, it is actively hiring foreign employees to gain direct access to these markets. In fact, the company is constantly increasing its number of foreign staff.
In the previous year, Alibaba's entry into the stock market was remarkable as it exceeded all the records and gained global recognition. On May 6th, 2015, Alibaba surpassed its previous sales record and increased its business volume by 45%, further breaking all the records. However, it is worth noting that AliExpress contributes to less than 10% of the overall business volume.
The significant takeaway from this is that AliExpress is gaining momentum, with an increasing number of users discovering and utilizing its services every day.
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