Jack Ma, chairman and CEO of Alibaba Group, said at a recent meeting that Alibaba would spend CNY10 billion in the coming three to five years in e-commerce industry supply chain services.

According to local media reports, Ma believed if Alibaba did not invest in e-commerce industry supply chains right now, its competitiveness in the international market will decrease in a few years.

Ma thought that with the maturity of Internet businesses, Alibaba is destined to shift its business focus. He said that Alibaba would shift to be a comprehensive transaction platform to try to meet all the demands of medium and small size enterprises, while their final goal is to make Alibaba an ecosystem that combines finance, technology, logistics and information.

According to Alibaba's 2007 China Internet Business Development Report, the number of Chinese Internet businesses is on the increase and it has increased to more than 30 million from 4 million in 2004. At the same time, online transaction scale is on the increase, with the proportion of online transaction increased from 9.85% in 2005 to 16.62% in 2007.


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