Payment System Logistic and China

China: The most frequently asked questions, he said, included "When are you going to compete with Amazon When are you going to compete with eBay " "We are not here to compete," he said, adding that Alibaba can empower U.S. small businesses with online traffic, payment system and logistic system to sell their goods easily to tap China' rising middle class. "We show great respect for eBay and Amazon, but I think the opportunity and strategy for us is helping small businesses in America," he said. "We need more American products in China." Ma shared similar views in his article published on the Wall Street Journal Tuesday. "Today China middle class is equal in size to the entire U.S. population and is expected to double within seven years, according to Xinhua China. This is an enormous number of new consumers with plenty of disposable income. Since Alibaba went public on the New York Stock Exchange in September, Ma said, he has been constantly asked about his company international plans and U.S. strategy. How they spend it is important for America small businesses," wrote Ma. You can sell anywhere, buy anywhere." "Alibaba Group was founded in China, but created for the world, " Ma repeated several times in his speech. He said there had been already some cross-broader successes. " They buy seafood from Alaska, pork from Iowa, children toys from Rhode Island and sports gear from Oregon and Maryland." When talking about Alibaba vision of globalization, Ma said, "In 10 years, we'll help 2 billion consumers to shop on line. (news.financializer.com). As reported in the news.