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Should Amazon and eBay worry?

from National Retail Federation

That's the question retail experts have been mulling since Alibaba Group Holding Ltd. announced plans for an initial public offering. The largest online retailer in China, Alibaba does business in the largest e-commerce market in the world, boasts more than 20,000 employees and is reported to have posted revenues closing in on $8 billion last year. The company's business model is based on generating revenue through sales of service and marketing agreements; millions of merchants in China rely on Alibaba's platform for their own businesses. more

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