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Video:  How Alibaba's Transformed Swathes Of Rural China

How Alibaba's Transformed Swathes Of Rural China

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If you want to know why the Chinese government is keen on e-commerce giant Alibaba, look no further than Beishan - one of China's many "Taobao" villages - farming communities transformed thanks to new job opportunities created by Alibaba's consumer-to-consumer site of the same name. For years, the town was called "clay oven bread" village due to its long baking tradition. However, everything changed when e-commerce giant Alibaba was introduced. Entrepreneur Lv Zhenhong used to sell sesame buns, earning $8,000 a year. Today his company BSWolf generates $8 million in annual sales of outdoor gear. His $16 sleeping bags are a best seller on Taobao.

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