Alibaba Group is a Chinese e-commerce company operating online marketplaces for both international and domestic China trade. It also operates an online payment system, AliPay.
Alibaba Group is a family of internet-based businesses with a mission to enable its users to buy or sell anywhere in the world. It has developed businesses in consumer e-commerce, online payment, business-to-business marketplaces, and cloud computing, and has now expanded into new areas such as mobile apps, mobile operating systems, and internet TV. The company is focused on fostering the development of an open and collaborative 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 through three trading markets of its own. These are: an International Trading Market, which serves global import and export business; a Chinese Trading Market, which caters to 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 was 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. On November 6, 2007, Alibaba.com was 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, competing with major rivals like Amazon and Baidu.
Current Team (20)Update
Past Team (7)Update
Funding Rounds (4) - $1.1BUpdate
Board Members and Advisors (2)Update
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