Why has Alibaba become globally famous by focusing on its domestic market?

Posted: March 22nd, 2022

Please read attached text “The Rise of Alibaba”
Answer the three questions below. The submission should be submitted in APA format (Times New Roman, 12-point, double-spacing with margins of one inch, citations and references.) In addition to the text, you should use at least 3 external sources (articles or books). Ensure that you back up your answers using your sources. Cite your sources/references.
What are the characteristics of Alibaba’s growth, innovation, and financing strategies that are typical of successful entrepreneurial firms? What is unusual about Alibaba?
Why has Alibaba become globally famous by focusing on its domestic market?
Sometimes the IPO of widely successful firms flops—Facebook’s disappointing IPO comes to mind. Does Alibaba deserve to be one of the world’s most valuable companies?

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