Alibaba aims to help US firms sell in China

E-commerce titan Alibaba Group Holding Ltd does not want to fight for US market share but instead hopes to help small US businesses sell more goods in China, Executive Chairman Jack Ma said.

Ma is visiting the United States this week to explain Alibaba’s global strategy and to “help dispel misconceptions” about the company, spokesman Greg Jenkins said in an e-mail.

“We’re not coming here to compete,” Ma told the Economic Club of New York on Tuesday.

The vast bulk of Alibaba’s revenue comes from its dominant domestic online marketplaces, but the company has been investing aggressively in a range of sectors abroad.

Still, it has taken what amounts to a conservative approach to expanding in the US, contrary to industry speculation that it may be plotting a direct assault on US soil after its record-breaking US$25 billion IPO in September.

Ma said he is regularly asked when Alibaba will “invade” America and do battle with Amazon.com Inc and Ebay Inc. Last year, the company debuted a small direct-to-consumer US portal, 11Main.com, which is a collection of Internet storefronts for smaller businesses.

“The opportunity and the strategy for us is helping small business in America go to China, sell their products to China,” Ma said.

The future for Alibaba is in building its e-commerce infrastructure beyond China’s borders, he said.

In the first quarter, Alibaba’s revenue from China commerce grew 39 percent to US$2.2 billion. International commerce grew 27 percent to US$264 million and only accounted for 9 percent of revenue, compared with 11 percent in the same period a year earlier.

Alibaba says some of its larger overseas markets include Brazil and Russia.

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Freudenberg group to increase investment in China

Recently, Freudenberg group announced that they had invested 23 billion yuan in China totally in the past decade, and they will increase investment to 500 billion yuan just in filter business in the coming two years. The Qingpu Shanghai special lubricant and release agent R & D center is about to build in Shanghai.

As a multinational technology company with 165 years history, Freudenberg’s Chinese district performance in fiscal year 2013 reached to a new level. The sales revenue increased to 13 billion yuan, increased 33% in 2013. China district has increase 621 employees, reach to 6305 people in total. Hanno D. -Wentzler, regional representative for Asia said that, Freudenberg group aims to contribute to China’s development. LESS project can reduce carbon dioxide emissions. What’s more, Freudenberg group can offer alternative fuels, sealing technology and raw materials for drive concept. Freudenberg group also offers air purification series to against Fog and haze in China.

Expert of Kcomdata, leading Chinese private company intelligence and service provider, claimed that the saying of foreign investment decline in China is not correct.  

 About Kcomdata

Kcomdata is dedicated to private company database in China. With entries of more than 1，000，000 verified private company data, Kcomdata offers not only basic contact information, but also financial intelligence of the company, customized list of company profiles, company search tool, company reports, industry directory, industry reports, consultancy service, etc.

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