. . . not Amazon.com or eBay or even Google.
Think East. Far East.Alibaba Group, owner of fast-growing e-commerce sites such as Tmall, taobao.com and 1688.com, rings up more revenue than Amazon and eBay combined.
Its 1688.com is the world's largest B2B marketplace, with 100 million users.
Taobao (see screen shot), now a decade old, is China's largest online shopping market, with 500 million users and 24 million transactions every day. Taobao is already expanding beyond China into Taiwan, Malaysia, Singapore and elsewhere in Asia.
According to one estimate, e-commerce currently represents only 6% of China's total retail revenue. With so much opportunity for growth and profit, Alibaba has announced the construction of a new logistics system it plans to use for overnight delivery of purchases to any urban area in China. In other words, Alibaba is spending today to be ready for the shoppers of tomorrow.
