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Article: China & Taiwan: Largest China-based B2B operator Alibaba enters Taiwan market.
- Article from:
- TendersInfo
- Article date:
- July 25, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: ismail05
Alibaba, the largest China-based operator of B2B (business to business) e-commerce services, at a July 24 press conference announced the formal establishment of a Taiwan branch to tap the local market.
The target client base in the Taiwan market is small- and medium-size businesses (SMBs), according to Alibaba CEO David Wei. An approximate 1.2 million SMBs in Taiwan account for 97.7% of the market's total number of enterprises. However, Taiwan's SMBs generate only 18% of Taiwan's total export value, lower than the corresponding figures in China, South Korea and India, Wei indicated. This implies there is a considerably large market ...