hurricanemaxi
Joined: 08 Sep 2011 Posts: 66
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Posted: Mon Sep 12, 2011 10:05 am Post subject: Alibaba Vows ‘Sleepless Nights’ for Baidu |
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Alibaba Group Holding Ltd. started its search-engine service last year to “cause sleepless nights” for industry leader Baidu Inc., Chief Executive Officer Jack Ma said.
“Making life difficult for companies with established positions is what we most want to do,” Ma said Sept. 10 at a conference in Hangzhou, where Alibaba is based. He didn’t elaborate on the remarks about Baidu.
Alibaba, China’s biggest electronic-commerce company, started its eTao search engine last year and expanded in mobile- phone operating systems this year, seeking new revenue sources. Baidu fields more than 80 percent of China’s search-engine traffic after overcoming competition from U.S. rival Google Inc., the world’s largest search service operator.
“If Alibaba wants to compete on search, bring it,” said Kaiser Kuo, a Baidu spokesman. “Baidu doesn’t obsess about what the competition is doing. We obsess about what our users want.”
Ma is also overseeing changes at Hong Kong-listed flagship Alibaba.com Ltd. (1688), whose website is used by companies including Wal-Mart Stores Inc. to find suppliers.
Alibaba.com has taken steps to boost security amid concern that its site has hosted unscrupulous suppliers.
The company is now offering product inspection and escrow payment services to help boost protection for buyers, Director of International Marketing Linda Kozlowski said last week. All exporters that pay the company to market their products are now being audited, she said.
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