Aiming to deliver goods anywhere across the globe in 72 hours, Alibaba, a Chinese eCommerce ace, has recently disclosed its massive plans. Watch this video at Wall Street Journal to learn about the business strategies of online retailers Alibaba and Amazon. Both aim to capture the larger share of the eCommerce market by facilitating worldwide consumers. Jeffrey Towson, head of research, Asia Tech Strategy, believes the success of both brands depends on delivery speed, focus, shipping, and product costs. According to Euromonitor 2021, the global eCommerce market will grow to $1.4 trillion by 2025. Alibaba’s swift delivery has already made a mark in the European countries, while Amazon is on the verge of transforming its transportation network using drones.
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