Choosing the right business partner from China is one of the most critical challenges that an importer should meet. It requires not only a lot of time but also a thorough verification of the contractor’s reliability. There are many ways to meet a potential business partner. The most common ones are Internet trading platforms and trade shows in China. Below we explain how to find a Chinese business partner.
Doing business online with the Chinese may seem as a big chance. In ordinary cases, online business is savvy, cost effective and easy: we save a lot of money, which would otherwise be spent on plane tickets, negotiations or onsite checks, so, in case of ordering simple, mass-produced goods, why bother? Obviously there are some risks, but some may say that if our potential partner has a status of a “golden supplier”, than what could possibly go wrong? Well, many things: it is not as easy as buying a book on Amazon.
The most popular B2B portal where you can buy goods from China is undoubtedly Alibaba.com, unfortunately portal also contains many listings of unreliable contractors and other traps.
Alibaba Group, the Chinese e-commerce giant, has become an important part of the world’s business environment. It is hard to imagine Sino-foreign commercial activities without platforms such as Alibaba, and Chinese cannot imagine their online shopping without Taobao or Tmall. The infographics presents 10 facts about Alibaba Group that you haven’t known before.
The following infographic shows the basic information about main companies of Alibaba Group. Alibaba Group consists of the most important online b2b platform, Alibaba.com, Aliexpress – retail marketplace for buyers and sellers, the biggest Chinese shopping platform Taobao.com and some others. All of those companies add up to the impressive profits, achieved every year by Alibaba Group (net profit in 2013 Q4 reached $1360 million).