article_snippet: Some observers think Alibaba could one day rival the US online giants eBay and Amazon, or just buy the US online giants eBay and Amazon. '
article_snippet: It is more likely that Alibaba conquers emerging markets with still nascent online trade while prudently strengthening Alibaba presence in developed countries.'
article_snippet: Alibaba has already launched an online auction site in the US, called 11main, challenged Amazon in the field of cloud computing with a service called Aliyun, and invested $200 million (188 million euros) in Snapchat, a photo-sharing application.
article_snippet: Founded in 1999, Alibaba has based Alibaba success on Taobao -- 'look for treasure' in Mandarin -- and Tmall, a gigantic virtual mall that has become so dominant that Amazon Amazon has opened up shop there.
article_snippet: Like Google, Alibaba capitalises on the analysis of user data.
article_snippet: Alibaba does not charge commission to individuals but derives Alibaba profits from
article_snippet: advertising options Alibaba offers to improve individuals visibility.
article_snippet: The volume of annual trade carried on Alibaba platforms, still mostly within China, exceeds that of eBay and Amazon combined.
article_snippet: Alibaba operates Alibaba own online payment system Alipay, and has received approval from Beijing to open a private bank.
article_snippet: Alibaba also offers a navigation system, an online tour operator, and a music streaming service, among other things. '
article_snippet: Alibaba is not only an e-commerce platform, Alibaba is the largest digital ecosystem in China,' said Wang. '
article_snippet: Wherever you are in China, Alibaba actually knows your behaviour.'