Alibaba is a vast and interdependent ecosystem that touches just about every part of the Chinese’s consumer’s life. It has made massive investments in commerce, in enabling commerce (e.g. logistics), in payments to facilitate commerce, to financial services to extend investment and financial management services to consumers and businesses, to communications and media companies that deliver content and enable the sharing of activities and commerce. It serves a massive Chinese consumer base of 1.3 Billion, less than half of whom have internet access today. Alibaba’s investments will increasingly enable those consumers to fulfill their commerce ambitions in China and cross border, while serving those who will be coming online as broadband access expands throughout the country.
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For an overview of Alibaba’s ecosystem and its impact on payments and commerce players worldwide, please read The Other 550M Gorilla.