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Alibaba Group Holding Limited, branded as Alibaba, is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology.
- Jack Ma
Jack Ma Yun (Chinese: 马云; pinyin: Mǎ Yún; born September 10,...
- 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...
AliExpress ( Chinese: 全球速卖通) is an online retail service based in China and owned by the Alibaba Group. [ 1] Launched in 2010, [ 2][ 3] it is made up of small businesses in China and other locations, such as Singapore, that offer products to international online buyers.
Alibaba Group Holding Limited, branded as Alibaba, is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology.
Find quality Manufacturers, Suppliers, Exporters, Importers, Buyers, Wholesalers, Products and Trade Leads from our award-winning International Trade Site. Import & Export on alibaba.com.
Alibaba Group Holding Limited, known as Alibaba ( Chinese: 阿里巴巴 ), is a Chinese multinational technology company. It started on 28 June 1999, in Hangzhou, Zhejiang. Alibaba focuses on online shopping, retail, the internet, and technology.
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A leading platform for global B2B e-commerce. Launched in 1999 as the first business of Alibaba Group, Alibaba.com has evolved into a leading platform for global business-to-business (B2B) e-commerce. During fiscal year 2024, Alibaba.com served more than 48 million small and medium-sized enterprises (SMEs) from over 190 countries and regions ...
