Amazon is the American Alibaba

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11/11/2016

If you ask most of your British and American friends who is the largest e-tailer and they will most likely say Amazon. Ask your Chinese friends and they will say Alibaba. In 2015, Alibaba passed $14 billion in revenue on Singles’ Day, more than double the $5.8 billion in sales of the combined U.S. e-commerce holidays of Black Friday and Cyber Monday. As a business leader, it is important to scan the environment – not just the familiar environment – as important the unfamiliar.