Alibaba Success

How Alibaba can “open Sesami” in Global market?

-Can the answer will be found from Entrepreneur spirit?

Main Thesis

Now, Alibaba became the most successful and well-known e-commerce in China with two successful IPOs, first in Hong Kong and recently in New York. In this paper, by looking back how Alibaba became successful from the entrepreneur stage, answers to the current challenges will be articulated.

Alibaba’s entrepreneur story: the most successful company in China

From the humble beginnings as an English teacher in Hangzhou in 1999, Jack Ma last year became the richest man in China. Ma always had that entrepreneurial spirit and drive, one which led him to establish Alibaba 15 years ago. With his initial capital of $60,000, he turned Alibaba into a company valuation of a market cap of $221 billion creating world history by having the biggest of IPO of all time.

How did Alibaba become the most admired success story in China from the modest start-up? The stupendous success of AliBaba Group stands rather inspiring to several internet based businesses all over the world. 

What has been the core value of Alibaba’s entrepreneurship? What has to be preserved to be a global expansion?

Part 1: How Alibaba became a successful Entrepreneur?

In summary, company’s early key success factors in entrepreneur stage are

1. Alibaba found its opportunity in mid-small corporates.

2. For the finance challenges, he searched Venture companies which can provide more than just a capital.

3. Instead of promising big compensates, Alibaba attracted talents with its unique culture and enthusiasm instead of monetary compensations.

Alibaba’s Opportunity Recognition:

Ma was a self English learner. Recognising the importance of the international language of business, as a young man, Ma would ride his bike to a nearby hotel and guide foreigners around the city just to learn and practice English because there weren’t no other way with his poor social status and closed...