China’s largest e-commerce company is making its first appearance in the U.S. with the debut of 11Main.com, an invite-only online marketplace that showcases small business retailers.
Industry watchers will be paying close attention because 11 Main is owned by Alibaba, the e-commerce giant in China that filed for an initial public offering in the U.S. in May. Bigger than Amazon and eBay combined, Alibaba had no U.S. e-commerce presence until now.
Alibaba's First US Presence 11 Main DebutsThe Chinese e-commerce giant Alibaba Group has launched a shopping website in the United States. It's called 11-Main and may signal the start of a challenge to the dominance of U-S sites like Amazon and Ebay. Our Washington Correspondent Daniel Ryntjes takes a walk down main street...
David Nelson, Chief Strategist with Belpointe in Stamford CT joined CCTV’s discussion on M&A.