How Alibaba unlocked the door to online shopping in china

Published October 3, 2013
Nearly a decade ago Alibaba Group launched Alipay – China's answer to online payment giant PayPal. Today it's seen as the magic password at the gate of China's online commerce treasure trove. — Reuters Reports

China is already the world's biggest e-commerce market by some measures.

But how did that happen so fast in a country where consumers rarely trust what they can't touch?

Jeff Walters, Managing Director of the Boston Consulting Group, gives most of the credit to Taobao's customer review system and Alibaba's payment system Alipay.

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