Alibaba’s Competitors

Alibaba Group is known to hold be one of the biggest groups of its kind in the world. However, it has some serious competitors on the Chinese market, and here you will get a deeper insight into some of the most notable ones.

Tencent Holdings

When talking about Alibaba’s competitors, Tencent Holdings is certainly one of them. What these two groups have in common is that both Tencent and Alibaba operate online advertising services, but the difference is that Tencent Holdings specializes in entertainment, mass-media, Internet as well as mobile phone value-added services.

The headquarters of Tencent are located In Shenzhen, and the company has a plethora of different services including multiplayer online games, e-commerce services, social networks, web portals and such. Tencent Holdings has also become very popular for offering one of the largest online portals in the entire China, as well as for providing Tencent QQ, a popular instant messaging application.

Another important aspect related to Tencent is the fact that it is amongst the top five largest Internet companies in the entire world, along with other big names such as eBay, Google, Amazon or Facebook. At the time being, a consistent portion of the revenues of Tencent come from the sale of different virtual goods, such as IM clients and other applications for mobile phones.

Baidu

Baidu Incorporated was created back in 2000, and this is basically a Chinese company that provides a variety of different web services. The headquarters of Baidu, Inc. are based in the Beijing district.

Baidu offers audio and image files, along with Chinese-based search engines for different websites and 57 other community and search services. Two years ago, Baidu was ranked as one of the top 5 Internet sites with the highest Alexa ranking. Regarding the files and services provided by Baidu, it must be said that the company offers over 90 million images and multimedia files, in addition to the over 740 million web pages. The multimedia content of Baidu covers MP3 music, movies and even a personal digital assistant mobile search. The company has even released a low-cost smart phone recently.

Baidu and Alibaba Group do not have much in common, as the first one is more similar to Wikipedia given the fact that it acts rather as an encyclopedia than as an online e-commerce website. The latter, on the other hand, specializes in the sales of various goods. However, what makes Baidu stand out from the crowd is that it provides several different search methods that allow users to find what they are looking for: not only can you find the desired information through keywords, but also through stock quotes, advanced search, Chinese Phonetics, spell checks, snapshots and such.

Amongst the most notable features and functions of Baidu, there is the Baidu Map, the Baidu News area, the Baidu MP3 search that relies on algorithm-generated links to songs, the Baidu Post Bar, the Image and Video Search or the well-known Baidu Space which is a social networking service that allows users to register and create personalized home pages in a searchable community.

Weibo

Weibo is a term that comes from Wei Boke, two words that mean “microblog”. Simply put, the term of Weibo is used to describe a Chinese microblogging service, including the platform sharing and the social chat sites that come with it. Weibo is somewhat similar to Twitter from some points of view, the sole difference is that it is used mainly by Chinese users while Twitter has become widespread all around the world. Weibo allows Internet users to set up real-time information, upload their status and update information in small, 140-character blocks.

One of the most popular Weibo sites in China is Sina Weibo, which also happens to be the most intensely visited one. This is why when people use the term “Weibo”, they typically refer to Sina Weibo. There are currently more than 300 million people who use microblogging services in China, at the moment.

YY

YY is one of the most important video-based social networking websites in China, and it is estimated that it currently has over 300 million active users. YY relies on a virtual currency, and users can win it by doing certain things like karaoke or making tutorial videos. After earning this currency, users can easily convert it into real money.

The YY website was founded 9 years ago, back in 2005, and it has become very popular shortly after it was launched. At first, YY was aimed at gamers before it extended its chat features.

Sina

Sina is another Chinese online media company designed for the smaller Chinese communities from all around the world. At the time being, Sina covers four different business: Sina Mobile, Weibo, Sina Online as well as Sina.net, and it has well over 100 million registered users all around the world.

The Weibo website is particularly important, as it is somewhat similar to Twitter – this is a microblog social network that holds more than half of the Chinese microblogging market. Up to twenty million new users create accounts with Sina Weibo on a monthly basis. Sina.com, on the other hand, is considered to be the largest infotainment Internet portal in China, and it is currently administered by the Sina Corporation which was founded back in 1999.

JD.com

Commonly referred to as the Jingdong Mall, JD.com is a Chinese electronic commerce platform located in the Chinese city of Beijing. The company was initially known as 360Buy, but it changed its name in the meantime and became JD.com, one of the most important B2C online retailers in China judging by its transaction volume. JD.com is available both in Chinese and in English, and compared to all the other competitors described above, it is safe to say that JD.com is truly the main competitor of Alibaba Group, as both companies deal with e-commerce and try to get the biggest “slice” of the market share.

JD.com was founded 16 years ago, back in 1998, and the B2C platform of the website went online six years after that. The Jingdong Mall currently sells a variety of goods, from computers and mobile phones to common electronics.