The Chinese Ebay

Posted by | March 18, 2004 | technology | No Comments

In the English speaking world Ebay looks unstoppable, but check out Alibaba.com and sister site Taobao.com, the Chinese Ebay.

A Chinese owned, English language site, Alibaba.com is the biggest supplier portal on the Internet – import/export for the wired age. While Ariba, the poster child of the once fashionable B2B space, has retrenched into enterprise procurement, the main action is going offshore.

Alibaba, which is in the top 100 high traffic sites with hockey stick growth is an example of how the Internet fits into the outsourced economy. Alibaba raised $82 million in VC money last month. How many Silicon Valley Internet companies raised that amount recently?