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Alibaba Group Holding Limited

Alibaba is a Chinese multinational technology company specialising in e-commerce, retail, Internet, and technology.

Categories

Technology  

#36

Rank

$241.24B

MarketCap CN

CN China

Country

Summary

Alibaba Group Holding Limited is a Chinese multinational conglomerate holding company specialising in e-commerce, retail, Internet, and technology. It was founded in 1999 and has since grown into one of the largest and most successful e-commerce companies in the world, with operations primarily in China but also internationally. 

On 19 September 2014, Alibaba's initial public offering (IPO) on the New York Stock Exchange raised US$25 billion, giving the company a market value of US$231 billion and, by far, then the largest IPO in world history. It is one of the top 10 most valuable corporations and is named the 31st-largest public company in the world on the Forbes Global 2000 2020 list. In January 2018, Alibaba became the second Asian company to break the US$500 billion valuation mark, after its competitor Tencent.

Alibaba operates a number of e-commerce platforms, including its flagship website Alibaba.com, which is one of the largest B2B e-commerce platforms in the world, as well as the consumer-focused e-commerce platform Taobao and the online shopping website Tmall. In addition to e-commerce, Alibaba is also involved in various other businesses, including cloud computing, digital media and entertainment, and artificial intelligence.


History

Alibaba Group Holding Limited was founded in 1999 in Hangzhou, China by Jack Ma and a group of co-founders. The company launched its first business-to-business (B2B) e-commerce platform, Alibaba.com, which aimed to connect Chinese manufacturers with international buyers.

By 2000, Alibaba.com became the largest B2B e-commerce platform in China, attracting thousands of small and medium-sized enterprises to its platform and right after, Alibaba.com launched its international site, attracting buyers from around the world.

In 2003, Alibaba launched its first consumer-to-consumer (C2C) e-commerce platform, Taobao Marketplace, which quickly became the largest C2C e-commerce platform in Chinal and one year later they expanded into new markets, launching localised sites in Southeast Asia, Japan, and South Korea.

In 2005, Alibaba raised $92 million in its first round of funding, which was led by Goldman Sachs and Softbank. This allowed the company to expand its product offerings and invest in new technology to better serve its customers.

In 2006, Alibaba continued to grow and expand, launching new services and products to meet the needs of its customers. The company also established partnerships with international companies such as Yahoo and eBay to further increase its reach.

One year later Alibaba launched Alipay, a secure online payment platform, to provide secure transactions for users of Taobao Marketplace and other Alibaba Group platforms. This was a major milestone for the company and helped establish Alibaba as a leader in the e-commerce and internet industries in China.

And in 2008 Alibaba launched Tmall.com, a B2C e-commerce platform, which allowed international and domestic brands to reach consumers in China. This was a major milestone for the company and helped it tap into the massive potential of the Chinese consumer market.

In 2009, Alibaba continued to expand its reach, launching new localised sites in Russia and the Middle East. The company also entered into strategic partnerships with a number of international companies, including Samsung, Lenovo, Hewlett-Packard and Microsoft.

In 2011, Alibaba Group Holding Limited was officially established, with a primary listing on the Hong Kong Stock Exchange. This marked a new chapter for the company as it prepared to go public and become a publicly traded company.

Between 2012 and 2015 Alibaba continued to grow and expand, launching a number of new services and products, including a mobile platform, an online gaming platform, a cloud computing and big data platforms. The company also established a number of strategic partnerships with international companies, including Intel and Vodafone and expanded its reach, launching new localised sites in India and Europe.

In 2014, Alibaba went public on the New York Stock Exchange (NYSE) in one of the largest initial public offerings (IPOs) in history, raising $25 billion. This was a major milestone for the company and marked its entry into the global market.

Three years later, Alibaba acquired Lazada, the leading e-commerce platform in Southeast Asia, further expanding its reach in the region. The company also continued to invest in new technology, launching a number of new products and services, including a cloud computing platform and an artificial intelligence platform.

In 2018, Alibaba continued to grow and expand, launching a number of new services and products, including a blockchain platform and a new online shopping platform. The company also established a number of strategic partnerships with international companies, including Sony and Netflix and it expanded its reach, launching new localized sites in Africa and South America.

In 2020, The COVID-19 pandemic had a major impact on the global economy, but Alibaba was able to pivot and adapt to the changing market conditions. The company continued to grow and expand, launching a number of new services and products, including a new digital health platform and a new food delivery platform.

In 2021, Alibaba launched a number of new products and services, including a new smart city platform and a new online education platform. The company also established a number of strategic partnerships with international companies, including Toyota and Google.


Mission

Alibaba's mission is to use technology to connect buyers and sellers and help them transact in a more efficient and cost-effective way. The company believes that by providing tools and services that make it easier to do business, it can help businesses grow and create jobs.

The company aims to build the future infrastructure of commerce and to provide an online and mobile platform for consumers, merchants, and other participants to connect and transact.


Vision

The vision of Alibaba Group Holding Limited is to build a future where digital technology is used to create a more inclusive, sustainable, and prosperous world. The company envisions a future where small businesses can thrive in the global economy, where consumers have access to a wide range of high-quality products and services, and where technology is used to solve some of the world's most pressing challenges.

Alibaba's vision is guided by its commitment to innovation and its belief in the transformative power of technology. The company has invested heavily in research and development, and it has developed several cutting-edge technologies, such as artificial intelligence, cloud computing, and the internet of things. Alibaba believes that these technologies can be used to create new business models and help businesses operate more efficiently and effectively.


Key Team

Trudy Dai (President of Core Domestic E-Commerce)

Jack Ma (Founder)

Daniel Zhang (Chairman and Chief Executive Officer)

Joe Tsai (Executive Vice Chairman)

Toby Xu (Chief Financial Officer)

J. Michael Evans (Director and President)

Maggie Wu (Director)

Jody Tong (Chief People Officer)

Li Cheng (Chief Technology Officer)

Sara Xu (General Counsel)

Jessie Zheng (Chief Risk Officer, Chief Platform Governance Officer, Chief Custom Officer)


Recognition and Awards
Alibaba Group Holding Limited has received numerous awards and recognition for its innovative and groundbreaking work in various fields, including technology, e-commerce, and social responsibility. In 2020, Alibaba was named one of the world's most innovative companies by Forbes, and it was also listed on Fortune's Global 500 for the eighth consecutive year. The company has also been recognized for its leadership in sustainability and social responsibility, receiving awards such as the Environmental, Social and Governance (ESG) Award from the Hong Kong Stock Exchange in 2019. Alibaba's founder, Jack Ma, has also received several awards and recognition for his contributions to entrepreneurship and philanthropy. In 2018, he was named the UNCTAD Special Adviser for Young Entrepreneurs and Small Business, and he has been recognized as one of the world's most powerful people by Forbes and Time Magazine. Additionally, Alibaba has received awards and recognition for its work in the field of artificial intelligence (AI). In 2018, the company's AI research division, Alibaba DAMO Academy, was named the most prolific publisher of research papers in the field of computer science at the Conference on Neural Information Processing Systems (NeurIPS). Alibaba has also received awards for its work in developing AI-powered technologies for healthcare, such as its AI-based medical imaging platform, which was recognized by the China Medical Association in 2018.

Products and Services

Alibaba Group Holding Limited is a multinational conglomerate that offers a wide range of products and services across various industries. The company operates several online marketplaces, including Alibaba.com, Taobao, and Tmall, which connect buyers and sellers from around the world. These platforms offer a diverse range of products, including consumer goods, electronics, clothing, and more.

In addition to its online marketplaces, Alibaba also offers a variety of other services, such as cloud computing, digital media, and entertainment. Alibaba Cloud is a leading provider of cloud computing services in China, offering a range of solutions for businesses of all sizes. The company's digital media and entertainment services include streaming video, music, and gaming, as well as ticketing and event management.

Alibaba also operates several other businesses, such as Ant Group, a financial technology company that offers payment processing, investment services, and more. The company has also invested heavily in research and development, developing cutting-edge technologies such as artificial intelligence, blockchain, and the internet of things.


References

 

Alibaba Group Holding Limited
Leadership team

Daniel Zhang (Chairman and Chief Executive Officer)

Joe Tsai (Executive Vice Chairman)

J. Michael Evans (Director and President)

Maggie Wu (Director)

Trudy Dai (President of Core Domestic E-Commerce)

Industries

Technology

Products/ Services
E-commerce, Cloud computing, Artificial intelligence, Entertainment, Mobile commerce, Retail Mobile, media, Films, TV shows
Number of Employees
20,000 - 50,000
Headquarters
No. 969 West Wen Yi Road, Hangzhou
Established
1999
Company Type
Public Limited Company
Company Registration
SEC CIK #0001577552
Revenue
Above - 1B
Traded as
BABA
Social Media

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