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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.
Alibaba's businesses are comprised of China commerce, international commerce, local consumer services, Cainiao, cloud, digital media and entertainment, and innovation initiatives and others.
- 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 Corporationled a group of Chinese investors to buy Yahoo!'s 40% share in Alibaba. 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 chain...
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...
Jack Ma Yun ( Chinese: 马云; pinyin: Mǎ Yún; born September 10, 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 equity firm.
Alibaba Group Holding Limited, branded as Alibaba, is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology.
Alibaba.com-Alibaba Group. 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.
Alibaba Group Holding Limited, known as Alibaba ( Chinese: 阿里巴巴 ), is a Chinese multinational technology company .. They started on 28 June 1999, in Hangzhou, Zhejiang. Alibaba focuses on online shopping, retail, the internet, and technology.
