Alibaba Group executives frequently tell their employees that the company is sitting on a gold mine, a reference to the huge potential of the large amount of data that the company’s e-commerce operations are gathering.
The country’s largest e-commerce company, which operates the consumer-to consumer Taobao.com and business-to-consumer Tmall.com, has for years emphasized the potential of data mining. Indeed, every year Taobao.com hosts more than 100 million consumers and handles nearly 10 trillion yuan worth of transactions.
In the autumn of 2012, Jack Ma, the founder and chairman of Alibaba, said that in the future the company would have three business pillars: e-commerce, financing and data mining.
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Wang Shanshan via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/tw80L9XbYZY/
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