Alibaba makes IPO history, opens new e-commerce chapter

Ken Wisnefski spoke to China Daily reporter Zhang Yuwei about the impact e-commerce giant Alibaba’s growth into American markets could have on American companies.

“Initially, it won’t have much impact, but over time, if it can provide products at lower cost points or a new and innovative way to engage buyers, Amazon and eBay would see a deterioration of their market share,” said Ken Wisnefski, CEO of Webimax and an Internet expert.

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