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Amazon vs Alibaba – Who is Winning? | amazon | alibaba

Alibaba: A Brief History
Remember in 1999 when the whole world seemed to be in a tizzy about Y2K? Well, a group of 18 friends and students, led by Jack Ma, ignored the hype and instead founded Alibaba.com. It originally started as a China-based B2B marketplace that catered to small and big businesses exporting Chinese products globally, becoming profitable just 3 years after being founded.

Since then, Alibaba has steadily and widely grown. Although Jack Ma stepped down as the chairman, he had built a very solid foundation, with Alibaba’s current market value at more than a quarter-trillion USD.
Amazon: A Brief History
Whether you view Jeff Bezos as a mastermind or villain, there’s no denying he’s built up one of the largest and most successful ecommerce marketplaces in the whole world. He got his start 5 years earlier than Jack Ma did when he quit his job as a VP at a Wall Street firm and started drawing up plans for what would eventually be called Amazon.

Although Amazon originally started as an online bookstore, it rapidly expanded to include just about every category imaginable. But Bezos didn’t stop there, also acquiring Twitch, Whole Foods and more than 40 other subsidiaries, with a value of more than 0 billion all in all.
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