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Alibaba Group Holding Limited, branded as Alibaba (/ ˌ æ l i ˈ b ɑː b ə, ˌ ɑː-/), is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology.
- Jack Ma
Máah Wàhn. Jyutping. maa5 wan4. IPA. [ma˩˧ wɐn˩] Jack Ma Yun...
- 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...
4 days ago · Alibaba is a Chinese multinational conglomerate that operates across e-commerce, cloud computing, digital media, and financial technology (“fintech”).
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 ...
Máah Wàhn. Jyutping. maa5 wan4. IPA. [ma˩˧ wɐn˩] Jack Ma Yun (Chinese: 马云; pinyin: Mǎ Yún; born 10 September 1964) is a Chinese business magnate, investor and philanthropist. He is the co-founder of Alibaba Group, a multinational technology conglomerate. In addition, Ma is also the co-founder of Yunfeng Capital, a Chinese private ...
Sep 18, 2014 · Profile of Jack Ma, the man who founded China's internet giant Alibaba, which now sells more than both Amazon and eBay combined.
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Sep 14, 2014 · The website helps to connect exporters in China (and other countries) with companies in over 190 countries around the world. The system allows a business in the UK to find a manufacturer in China...
