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photo courtesty of DreamWorks SKG
Jack Ma, Chairman and Non-Executive Director of Alibaba.com made a forecast that the world economy situation would be as bleak as that in 2001, 2002 where the dot-com bubble have taken place. He warned that the “winter” would probably last as long as three years.
Yet, He still pledged his support to China exporters, manufacturers and suppliers in the wake of gloomy economic sentiment. He suggested that SME in China should behave and work like “ants” which managed to survive much longer than such mammals as lions and elephants through all these years.
“Our Winport project launched two days ago will charge as little fee as we can, we have been thinking to offer the services for free.” Mr Ma said in a recent interview with China Alibaba.com ( The interview was done in Mandarin though).
Alibaba raise investors’ eyebrows by reporting a strong net profit of 300.7 million yuan for the first quarter of 2008 on May 5th, a leap of 111. 7 percent year-on-year and 162 percent quarter-on-quarter, excluding the one-off interest income received from over-subscriptions during IPO in the fourth quarter of 2007. Find out the Full report here
Investors’ sentiments undoubtedly are still haunted by the painstaking experiences earned from the previous internet bubble burst, coupled with the emerging economic dark cloud in the United States, rising RMS value, escalating energy and food prices. Alibaba (1688.HK) closed at HK$14.14 per share last Friday.
China domestic manufacturers who settle their business deals with customers in US dollars are forced to bite the bullet as the dollar continues to slump.
Alibaba posted a story, revealing the damage that a stronger yuan would have on Chinese exporters.
China Daily (中国日报), a China state-run English-language newspaper, also reported that rising costs in labor, materials, energy and yuan appreciation attributed to the closure of many factories in the Pearl River Delta.
Last Thursday, the dollar ended trading at 6.9916 yuan on the over-the-counter market, after dipping to an all-time low of 6.9907.
These are hard times for us,” said Wei Yaoting, a textile trader in Shanghai that exports to the United States.
A typical U.S. order, received July and delivered in November last year, was not paid for until February this year, said Wei, manager of Shanghai HTC Holdings Import & Export Co. Over those seven months, the dollar-denominated payment slumped.
“We end up swallowing the losses,” he said.
“The more exports, the bigger the losses. We just break even,” Wei said. “We’re even considering giving up selling to foreign markets that trade in U.S. dollars.”
In your mind, what’s the biggest challenge that Chinese small and medium manufacturers are facing now? You can vote here.
They came to you in countless numbers, from China to India, red to blue, and brand to non-brand. As a buyer, how can you wrap up your sourcing task fast, find the right product and move down to Starbuck for a sip of coffee?
If you are a buyer sourcing for Malaysia-made portable DVD players, you probably will input a search query in the search box as shown in the following image. What if your product has to be in connection to “Television“?
Using the refined search and pick the related category – “Television“, your search result page will show
- DVD players
- Made from Malaysia
- Television- related category
Uncheck the small search box will return you to the search pages without filtering. Also can try out different filters such as, export markets, business type and contract manufacturing etc.
Alibaba‘s newest search function that can narrow down users’ search results by picking related categories came to spotlight of the B2B website this week.
Proposal for acquiring paid members that accounts for more than 50% of the international trade portal’s annual revenue is key to Alibaba‘s success in this coming year.
Speaking at a Finance Magazine’s interview, David Wei, Chief Executive Officer of Alibaba.com, said the company has set up a call center to promote its paid services to free members. He believed that the number of paid members will increase as a result of the underlying changes in China’s new generation entrepreneurship brought by internet age.
Mr Wei said the growing number of small and medium companies in China can spend up to RMS20,000 online services each year based on the research they have done. Alibaba now only charged their members for RMS3,000 using their services per year. Hence they concluded that there’s a potential growth along this line.
Analyst in the same interview also pointed out that Alibaba‘s paid members only accounts for 1.1% of its 27 million registered users, which still has ample room for improvement.
The Finance Magazine is hosted by Television Broadcasts Limited, commonly known as TVB in Hong Kong, will highlight a string of China-based yet internationally listed companies in Hong Kong.
Rumor surrounding Alibaba‘s 8-year strategic plan stifled yesterday when the B2B China website officially disclosed her “Winport” project on April 11.
The “Winport” project, dubbed “Winport 旺铺” in its Chinese promotion, was made known to the public ever since it began drumming up massive efforts to invite 6,188 suppliers for its first trial early March. Alibaba China grants the first batch of users a 30-day access right to try out the new product.
According to its online promotion, one of the selling points of the project is that the paricipating suppliers will get their own domain names, they are no longer using a sub-domain for their stores. In other words, they can set up “www. mystorename.cn”, an URL named after their unique store name. The package also comes with a few tools which enable them to
- manage their store fronts
- analyse web traffic
- set up mail box
It may be fun to see how flashy the online promotion it is, yet getting access to its information page needs patience and a pair of careful eyes to find the right button to click!
Alibaba Blog by Aliuser -- International and Global Trade for Suppliers and Buyers 
