Alibaba CEO On Vendio Acquisition, Future Of Ecommerce

Alibaba is a leading force in global, business-to-business ecommerce. The company is based in China and it links millions of wholesale suppliers with businesses that resell those products. The company has allocated $100 million (USD) to invest in U.S. ecommerce-related businesses and it just announced the first such investment in acquiring Vendio, the U.S.-based ecommerce platform. Joining us to discuss that acquisition, Alibaba generally, and the future of ecommerce is David Wei, chief executive officer and executive director of Alibaba. He speaks with Practical Ecommerce’s Kerry Murdock.