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In 2017, Alibaba started opening a chain of supermarkets, named Freshippo (or Hema; 盒马), as part of the company's "new retail strategy," where customers can either order in the store or online for delivery in under 30 minutes.
- Jack Ma
Jack Ma Yun (Chinese: 马云; pinyin: Mǎ Yún; born 10 September...
- Jack Ma
Ele.me (Chinese: 饿了么; lit. 'Are you hungry?') is the online food delivery and local life service platform of Alibaba Group. [1][2] Founded in 2008, it is now the second largest online food delivery service platform in China. [3][4] History. Ele.me is an online-to-offline (O2O) catering and food delivery platform in China.
Search and filter from millions of product and supplier offerings to find the matching ones for your business. Find quality Manufacturers, Suppliers, Exporters, Importers, Buyers, Wholesalers, Products and Trade Leads from our award-winning International Trade Site. Import & Export on alibaba.com.
- 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...
In March 2023, AliExpress launched the Choice service, offering consumers free shipping, free returns, and delivery guarantees. AliExpress is available in 16 languages, including English, Portuguese, Spanish and French.
Freshippo’s proprietary fulfillment system enables 30-minute delivery to customers living within a three-kilometer radius of a Freshippo store. As of March 31, 2022, we had 273 self-operated Freshippo stores, primarily located in tier-one and tier-two cities in China.
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