Earlier this week, we outlined ways in which the success of Alibaba, the China-based internet giant, is built on a foundation of serving small businesses in China and other markets.”Expect to see the company use its experience in serving small business markets in other countries–along with it large cash holdings–to provide it with plenty of opportunities to grow in the U.S.,” we wrote.
Today, the company has around $20 billion from its IPO and, as Jack Wa explains in the CNBC video below, “We want to help (the) small business ecosystem.”