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Dunganese name. Dungan. Алибаба Җитуан. Alibaba Group Holding Limited, branded as Alibaba (/ ˌæliˈbɑːbə, ˌɑː -/), is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology. Founded on 28 June 1999 [1] in Hangzhou, Zhejiang, the company provides consumer-to-consumer (C2C ...
- Jack Ma
Jack Ma Yun (Chinese: 马云; pinyin: Mǎ Yún; born 10 September...
- Jack Ma
- History
- Listing
- Restructuring
Early Years
On 28 June 1999, Jack Ma and 17 friends started Alibaba.com, an online business marketplace, in Ma's apartment in Hangzhou, China. In October of the same year, Alibaba got a $25 million investment from Investor AB, Goldman Sachs, and SoftBank. The goal of Alibaba.com was to improve online shopping in China, especially for small and medium-sized businesses, and to help Chinese products sell globally while dealing with challenges from the World Trade Organization. By 2002, Alibaba.com started m...
Expansion
In 2005, Yahoo! invested $1 billion in Alibaba, buying a 40% company share. When Alibaba went public, Yahoo! made $10 billion from their investment alone. In 2012, China Investment Corporation led a group of Chinese investors to buy Yahoo!'s 40% share in Alibaba.: 130 In 2013, Alibaba planned to open traditional stores with Wanda Group. They also bought a 25% share in Intime Retail, a Chinese department store chain, in early 2014.In 2017, Alibaba and Intime's founder agreed to take the store...
In May 2019, Bloomberg reported that Alibaba might raise $20 billion with a second listing in Hong Kong. In November 2019, they raised $12.9 billion in this listing, the year's largest offering. On 10 September 2019, Jack Ma stepped down as chairman, and Daniel Zhang took over.[source?] In November 2020, The Wall Street Journal said President Xi Ji...
In March 2023, Alibaba announced a restructuring plan called "1+6+N". They divided their business into six separate parts: Cloud Intelligence Group, Taobao and Tmall Group, Cainiao Smart Logistics Network, Local Services Group, Alibaba International Digital Commerce, and the Digital Media and Entertainment group. Each part would have its CEO and bo...
Since launching its first website helping small and medium-sized enterprises in China to sell internationally, Alibaba is a holding company of six major business groups: Taobao and Tmall Group, Alibaba International Digital Commerce Group, Cloud Intelligence Group, Local Services Group, Cainiao Smart Logistics Network Limited, and Digital Media ...
Internet and financial services. Founded in 1999 by its leader Jack Ma and 17 others and based in Hangzhou, two hours south of Shanghai,, it is China’s largest e-commerce company, business-to-business site (B2C), Internet retailer and online auctioneer.
Alibaba Cloud, also known as Aliyun (Chinese: 阿里云; pinyin: Ālǐyún; lit. 'Ali Cloud'), is a cloud computing company, a subsidiary of Alibaba Group. Alibaba Cloud provides cloud computing services to online businesses and Alibaba's own e-commerce ecosystem. Its international operations are registered and headquartered in Singapore. [1]
Mar 14, 2024 · Find the latest statistics and facts on the Alibaba Group, the biggest e-commerce provider in China.
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Leading wholesale marketplace for global trade. The first business of Alibaba Group, Alibaba.com is China’s largest integrated international online wholesale marketplace in 2021 by revenue, according to Analysys.
