Alibaba Group - Wikipedia. Coordinates: 3. 0°1. N1. 20°1. 1′9. 7.
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E / 3. 0. 1. 91. Alibaba Group Holding Limited. Type of site. Public. Traded as. NYSE: BABAFounded. April 1. 99. 9; 1. Hangzhou, Zhejiang, China. Headquarters. Hangzhou, Zhejiang, China.
Area served. Worldwide. Owner. Jack Ma (7. Soft. Bank Group (2. Founder(s)Jack Ma, Peng Lei. Key people. Industry.
Internet. Products. E- commerce, Online auction hosting, Online money transfers, Mobile commerce.
Services. Online shopping. Revenue. CN¥1. 58. Operating income CN¥4. Net income CN¥4. 1.
Total assets CN¥5. Total equity CN¥3.
Employees. 50,0. 92 (2. Subsidiaries. Alibaba. Guangzhou Evergrande Taobao F. C., Taobao, Tmall, UCWeb, Ali. Express, Juhuasuan.
Alimama. com, Ant Financial, Cainiao, Lazada, Youku Tudou, Alibaba Cloud. Slogan(s)To make it easy to do business anywhere.
Websitewww. alibaba. Alexa rank 3. 2,3.
February 2. 01. 5)Alibaba Group Holding Limited (Chinese: 阿里巴巴集团控股有限公司; pinyin: Ālǐbābā Jítuán Kònggǔ Yǒuxiàn Gōngsī) is a Chinese e- commerce company that provides consumer- to- consumer, business- to- consumer and business- to- business sales services via web portals. It also provides electronic payment services, a shopping search engine and data- centric cloud computing services. The group began in 1. Jack Ma founded the website Alibaba.
Chinese manufacturers with overseas buyers. In 2. 01. 2, two of Alibaba's portals handled 1. Suppliers from other countries are supported (with more stringent checks than for Chinese companies),[4] but the company primarily operates in the People's Republic of China (PRC). At closing time on the date of its initial public offering (IPO), 1. September 2. 01. 4, Alibaba's market value was US$2.
As of November 2. Alibaba's market cap stood at US$4. It is one of the top 1. Alibaba is the world's largest and most valuable retailer as of April 2. Walmart,[8] with operations in over 2. Internet companies.
Its online sales and profits surpassed all US retailers (including Walmart, Amazon and e. Bay) combined since 2. It has been expanding into the media industry, with revenues rising 3- digit percents year on year.[1. As of August 2. 01. Alibaba has over 5.
It also provides an online digital distribution service 9. Apps, which hosts huge amount of content and applications for downloads.[1.
In 2. 01. 7, Alibaba became the first Asian company to break the US$4. Alibaba's affiliate Ant Financial was ranked sixth in Fortune's Change the World list, recognised for the positive green environmental impact of its Ant Forest, the world's largest platform for tracking individuals' carbon footprints. Ant Financial and its partners have achieved considerable success in the reduction of CO2 emissions.[1. Alibaba has also announced that it will invest 1. Alibaba's commitment to building the most efficient logistic network in China and around the world. It is investing 5. Cainiao Smart Logistics Network to boost its stake to 5.
The investment would value Cainiao, a joint venture of top Chinese logistics firms, at around US$2. It is also rapidly expanding its e- commerce network abroad.[1. Recently, Alibaba has outperformed major cloud players including Amazon, Microsoft and Google in public cloud revenue growth, achieving triple- digit percentage revenue growth year- on- year.[2.
Alibaba created a new live entertainment business unit under its Digital Media and Entertainment Group which focuses on ticketing, content creation and live experiences, bringing its entertainment ticketing platform Damai and its content creation and technology units Mai. Live and Maizuo under one roof. It aims to provide a platform for live events (e. Sports and sports events), as well as supporting content partners and leveraging Alibaba’s data capability for offline shows.[2. It has also entered a cooperation with JD. China's parcel delivery efficiency, investing US$3.
Chinese merchandisers and logistics partners to build more facilities for delivery purposes.[2. History[edit]Founding and name[edit]The company's name came from the character Ali Baba from the Arabian literature One Thousand and One Nights because of its universal appeal.[2. Ma explained. "Taobao City", the main corporate campus for Alibaba Group at Xixi, Hangzhou. Alibaba Binjiang Campus in Hangzhou, headquarters for Alibaba's B2. B service. One day I was in San Francisco in a coffee shop, and I was thinking Alibaba is a good name. And then a waitress came, and I said, "Do you know about Alibaba?" And she said yes.
I said, "What do you know about?", and she said, "Open Sesame". And I said, "Yes, this is the name!" Then I went on to the street and found 3. Do you know Alibaba?" People from India, people from Germany, people from Tokyo and China … they all knew about Alibaba. Alibaba – open sesame. Alibaba is a kind, smart business person, and he helped the village.
So … easy to spell, and globally known. Alibaba opens sesame for small- to medium- sized companies.
We also registered the name "Alimama", in case someone wants to marry us!"[2. Brick and mortar stores[edit]According to Li Chuan, a senior executive at Alibaba, the company was planning in 2.
Chinese real estate company Dalian Wanda Group.[2. Additionally, Alibaba purchased a 2. Hong Kong- based Intime Retail in early 2. In early 2. 01. 7, Alibaba and Intime's founder Shen Guojun agreed to pay as much as 1. Hong Kong dollars (US$2. Alibaba's stake—2.
US$6. 92 million investment—would rise to about 7. On 5 September 2. US Securities and Exchange Commission—set a US$6.
IPO), the final price of which would be determined after an international roadshow to gauge the investor interest in Alibaba shares to shareholders. On 1. 8 September 2. Alibaba's IPO priced at US$6.
US$2. 1. 8 billion for the company and investors. Alibaba was the biggest US IPO in history.[3. On 1. 9 September 2. Alibaba's shares (BABA) began trading on the NYSE at an opening price of $9. EST. On 2. 2 September 2.
Alibaba's underwriters announced their confirmation that they had exercised a greenshoe option to sell 1. IPO to $2. 5 billion.[3. Company timeline[edit]In December 1. Jack Ma and 1. 7 other founders released their first online marketplace, named "Alibaba Online". From 1. 99. 9 to 2. Watch Happy Gilmore Online Fandango. Alibaba Group raised a total of US$2.
Million from Soft. Bank, Goldman Sachs, Fidelity and some other institutions.[3. In December 2. 00. Alibaba. com achieved profitability. In May 2. 00. 3, Taobao was founded as a consumer e- commerce platform. In December 2. 00.
Alipay, which started as a service on the Taobao platform, became a separate business. In October 2. 00. Alibaba Group took over the operation of China Yahoo! Yahoo! Inc. In November 2.
Alibaba. com successfully listed on the Hong Kong Stock Exchange. In April 2. 00. 8, Taobao established Taobao Mall (Tmall. C2. C marketplace. In September 2. 00.
Alibaba Group R& D Institute was established. In December 2. 00. Alibaba. com Corporation announced that all Alibaba group websites will be shark fin- free on 1 January 2.
In 2. 00. 9, global growth equity firm General Atlantic invests $7. M, led by the firm's head of global internet and technology sector, Anton Levy.[3. In September 2. 00. Alibaba Group established Alibaba Cloud Computing in conjunction with its 1. In May 2. 01. 0, Alibaba Group announced a plan to earmark 0. In October 2. 01.
Taobao beta- launched e. Tao as a shopping search engine. In June 2. 01. 1, Alibaba Group reorganised Taobao into three separate companies: Taobao Marketplace, Taobao Mall (Tmall.
Tao. In July 2. 01. Alibaba Cloud Computing launched its first self- developed mobile operating system, Aliyun OS over K- Touch Cloud Smartphone.[3. In January 2. 01. Tmall. com changed its Chinese name as part of a rebranding exercise.[4. In May 2. 01. 2 Alibaba Group decides to reverse course and take its publicly traded Alibaba.
Hong Kong stock exchange at close to 1. Hong Kong dollars per share.[4. In September 2. 01. IPO in the United States after a deal could not be reached with Hong Kong regulators.[4. Planning took over 1.
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