Company Overview

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Founded:
June 1, 1999
Founders:
Yun Ma, Eddie Wu
Headquarters:
Hangzhou
IPO:
Went Public on Nov 16, 2007
Stock:
1688
Categories:
E-Commerce
Description:
Alibaba.com is a B2B e-commerce company whose primary business is to promote China-based manufacturers locally and globally.

Detailed Description

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Alibaba Group is China's leading e-commerce company, operating the world's largest online marketplaces for both international and domestic China trade, as well as China's most popular online payment system, AliPay.

Alibaba Group is a family of Internet-based businesses with a mission to make it easy for anyone to buy or sell anywhere in the world. Since its inception, it has developed leading businesses in consumer e-commerce, online payment, business-to-business marketplaces, and cloud computing and has expanded into new areas such as mobile apps, mobile operating system and Internet TV. The company is focused on fostering the development of an open, collaborative and prosperous e-commerce ecosystem that benefits consumers, merchants and the economy as a whole.

Alibaba assists millions of buyers and suppliers all over the world to do business online by three trading markets of its own. Three online trading markets include: an International Trading Market which serves global import and export business, a Chinese Trading Market which gathers domestic business, and a Japanese Trading Market which promotes Japanese export and domestic sales by an associative company’s operation.

Alibaba Group has 12 major businesses and affiliated entities, including alibaba.com, Taobao.com, Tmall, Alipay, koubei.com, Aliyun, etao.com, net.cn, Juhuasuan.com, CNZZ and Onetouch.

In 1999, Alibaba Group is officially established by its 18 founders, led by Jack Ma. In February 2004, Alibaba received $82 million from Softbank Corp. and one other firm. In August, 2005, Yahoo and Alibaba formed strategic partnership and Alibaba made a net profit of 250 million dollars. On November 6, 2007, Alibaba.com got successfully listed on the Hong Kong Stock Exchange.

As of December 31, 2006, with approximately 3,500 employees, Alibaba is the first e-commerce company to reach 8 million online retailers from more than 220 countries and regions. The Group provides more than 8.1 million entries of business information per day, making it one of the largest-scale and most active B2B markets and business communities.

Major rivals are Amazon and Baidu.

Current Team (20)

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Past Team (7)

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Funding Rounds (4) - $1.1B

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Investments (12)

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Board Members and Advisors (2)

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Products (2)

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Acquisitions (4)

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Investors (7)

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Offices/Locations (1)

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  • Office

    6/F Chuangye Mansion, East Software Park

    No.99 Huaxing Road

    Hangzhou, 310099

    CHN

Competitors (5)

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Images (1)

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