In yet another sign that e-commerce giant Alibaba has its sights fixed firmly on the U.S. market, the company announced this morning that it was establishing an “investment organization” in the United States.
Rumors of an impending Alibaba initial public offering continue to sweep the Internet, and private company intelligence firm PrivCo just added fuel to the fire by flinging open the doors on its proprietary research on the Chinese company.
[Editor's Note: Silicon Valley venture firms and technology companies have been active in China for years, but with mixed results. Domestic search company Baidu has beat out Google for much of the market, local social networks like tencent.com and Xiaonei appear to have the upper hand over international competitors like MySpace and Facebook. Similar trends can be seen across most segments of online Chinese markets. Where does that leave e-commerce in the country? George Godula, Markus Fuhrmann and Michael Hohenwarter, from a China based market expansion service provider called Web2Asia, have been studying the question. This is the first in a three-post series from them on the state of the internet market in China.]