CNBC compared the two main tech giants, Google Inc (NASDAQ:GOOGL) and Alibaba.com in a report. Google Inc (NASDAQ:GOOGL) has revolutionized the technological world of today. One cannot think of the internet and research without Google which has taken innovation and creativity to the next level. Google was founded by Larry Page and Sergey Brin while they were Ph.D. students at Stanford University. Once merely a search engine, Google now rules the tech world, having an arsenal full of web services, mobile OS, Cloud services, and much more. Annual revenue of the company amounts to more than $59 Billion and it’s going to achieve more milestones in the coming future. The headquarters of Google is located in Mountain View, CA.
Alibaba.com, which is now considered as one of the Google’s rivals was founded in 1999, a year after the foundation of Google. Alibaba.com was founded by Jack Ma. He started Alibaba.com with a website and now this has turned into a complete enterprise, comprising of privately owned Hangzhou-based group of Internet-based e-commerce businesses including business-to-business online web portals, online retail and payment services, a shopping search engine and data-centric cloud computing services.
Taobao, the service provided by Alibaba.com facilitates seven million small businesses to sell their products directly to the consumers. Using the services of Taobao, small business also gets ad spaces to get more pronounced in front of millions of users online. Alibaba.com is about to be launched in the US and Google Inc (NASDAQ:GOOGL) takes this business enterprise as one of its main rival in the world. Alibaba has annual revenue of $7.5 Billion. Alibaba.com has its own payment service, known as Alipay, which accounts for roughly half of all online payment transactions within China. Alibaba.com is one of the 20 most visited websites in the world. Alibaba also has a service called Tmall, an online retail platform to complement the Taobao consumer-to-consumer portal.