Alibaba.com continues push to take over global ecommerce

http://www.edlconsulting.com/newsdetail.php?id=860&headline=Alibaba.com_continues_push_to_take_over_global_ecommerce

Updated: 2010-06-25

Alibaba.com, a global leader in ecommerce solutions for small- and medium-sized businesses recently annouced the acquisition of Vendio, an ecommerce solutions provider allowing SMBs to manage sales across multiple platforms.

With the purchase, Alibaba gains an additional 80,000 customers as it looks to expand its appeal as a global leader in SMB ecommerce. Current Alibaba customers can now implement Vendio solutions into their ecommerce operations. Among the most successful features of Vendo solutions are mobile storefronts and payment methods allowing for multiple currencies. For SMBs, these are invaluable items known to expand business and encourage growth.

"At Alibaba.com, our goal is to make it easier for our customers around the world to do business by providing solutions that increase margins, productivity and competitiveness through ecommerce," David Wei, chief executive officer of Alibaba.com, said. "We continue to look for synergies and investment opportunities to grow our customer base, acquire additional technology and add new applications that will help our customer base grow and prosper."

SMBs that fail to leverage the growth of ecommerce solutions will likely struggle to compete with their competitors. According to Forrester Research, ecommerce will become a $250-billion-per-year industry by 2015.