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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. Founded on 28 June 1999 [1] in Hangzhou, Zhejiang, the company provides consumer-to-consumer (C2C), business-to-consumer (B2C), and business-to-business (B2B) sales services via Chinese ...
- Jack Ma
Jack Ma Yun ( Chinese: 马云; pinyin: Mǎ Yún; born September...
- Ant Group
Ant Group (Chinese: 蚂蚁集团; pinyin: Mǎyǐ jítuán), formerly...
- Joseph Tsai
Joseph Chung-Hsin Tsai (Chinese: 蔡崇信; Pe̍h-ōe-jī: Chhòa...
- AliGenie
AliGenie is a China-based open-platform intelligent personal...
- J. Michael Evans
Before Alibaba Group, Evans was vice chairman of Goldman...
- Jack Ma
Alibaba Group announced a new organizational and governance structure to empower all its businesses to become more agile in response to market changes and better positioned to seize market and industry opportunities. The company would establish six main business groups – including Cloud Intelligence Group, Taobao and Tmall Group, Local ...
SHOW ALL QUESTIONS. Alibaba Group Holding Limited, branded as Alibaba, is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology. Founded on 28 June 1999 in Hangzhou, Zhejiang, the company provides consumer-to-consumer (C2C), business-to-consumer (B2C), and business-to-business (B2B) sales ...
- 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...
- US01609W1027
- Technology company
- 阿里巴巴集团控股有限公司
- Public
Alibaba Group
Alibaba Group Holding Limited, known as Alibaba, 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. They help people buy and sell things online like person-to-person, business-to-customer, and business-to-business sales.
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