Alibaba Earns $9,000 Every Second for Each Customer, Alibaba Taking Amazon by Storm

Alibaba's IPO shocked the world getting a valuation beyond Facebook's worth. Many analysts believe that the company poses a threat to many major Silicon Valley players because of its network group. According to recent statistics, the Chinese company earns around $9,000 every second beating what consumers pay for Amazon. Can Alibaba really take over Amazon and possibly Google?

The spotlight has been on Alibaba especially after the company went public. The threat it poses on other retailers is highlighted by The Economist (via Business Insider). According to the data, Alibaba shoppers spend as much as $9,368 every second on the site compared to the $3,691 shoppers spend on Amazon. Users on eBay do not spend as much limiting expense to $2, 775. Analysts note that the main selling point of Alibaba is that it offers items that many users feel comfortable purchasing. In fact, consumers feel comfortable enough to buy bulk quantities from the site.

Forbes even noted that Alibaba can take over Amazon as the next best and biggest e-commerce company across the globe. The company was victorious with its initial public offering at $21.8 billion. In fact, the Chinese giant remains more vaulable compared to the values of eBay and Amazon based on ts first day trading. The success behind the company stems from the company's group of businesses. The empire includes group buying, retail, payments and wholesale.

Alibaba's success can also be attributed to its aggressive investments including startup firms. The company spent as much as $8 billion in the last six months on this alone. Jack Ma, the company's top man, has always been vocal about going global. This starts with going into Amazon's turf in the United States and knocking on its door. Analysts say that despite the scale of the Chinese company, it will not be able to topple Amazon immediately. It will take considerable company revamps to match and compete with Amazon on a full scale.