In the US. E-commerce is dominated by one name: Amazon. And while Chinaâs answer to Amazon, Alibaba, doesnât yet have the name recognition (or the revenue) of its American competitor, that may soon change. With Alibaba preparing to make what will likely be the biggest IPO in history in New York later this year, the time is right for a showdown between the worldâs two biggest E-commerce platforms. amazon.com Amazon (originally called âCadabraâ) was founded in Jeff Bezoâs garage in 1994 i n Bellevue, Washington. Amazon went public in May of 1997 at a valuation of $438 million. It now has a market cap of $157.52 billion. Alibaba.com Alibaba was born five years later, in 1999, in founder Jack Maâs Hupan Garden apartment in Hangzhou, China. Alibaba Group is planning to IPO in New York in late 2014 at a valuation that could put its market cap at $168 billion. WORLD RANK Amazon is the worldâs 9th most-visited website, while TaoBao, an online shopping portal owned by Alibaba, is the worldâs 10th most-visited.
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