Alibaba Group
Chinese multinational technology company / From Wikipedia, the free encyclopedia
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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 and global marketplaces, as well as local consumer, digital media and entertainment, logistics and cloud computing services. It owns and operates a diverse portfolio of companies around the world in numerous business sectors.
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 "Taobao City", the main corporate campus of Alibaba Group at Xixi, Hangzhou | |
Native name | 阿里巴巴集团控股有限公司 |
|---|---|
| Company type | Public |
| |
| ISIN | US01609W1027 |
| Industry | |
| Founded | 28 June 1999; 24 years ago (1999-06-28)[1] Hangzhou, Zhejiang, China |
| Founder | Jack Ma |
| Headquarters | No. 969 West Wen Yi Road[2],
|
Area served | Worldwide |
Key people | |
| Services |
|
| Revenue |  CN¥941.168 billion[6] (US$130.35 billion, 2024) |
| CN¥113.350 billion[6] (US$15.699 billion, 2024) | |
| CN¥71.332 billion[6] (US$9.879 billion, 2024) | |
| Total assets | CN¥1.765 trillion[6] (US$244.43 billion, 2024) |
| Total equity |  CN¥1.101 trillion[6] (US$152.61 billion, 2024) |
| Owner | SoftBank Group (14.2%)[6] |
Number of employees | 204,891 (2024)[6] |
| Subsidiaries | See companies and affiliated entities |
| Website | Official website  |
| Footnotes / references [6][7] | |
| Alibaba Group | |||||||||||||||||||||||||
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 "Alibaba" in Chinese characters. | |||||||||||||||||||||||||
| Simplified Chinese | 阿里巴巴集团 | ||||||||||||||||||||||||
| Traditional Chinese | 阿里巴巴集團 | ||||||||||||||||||||||||
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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.[8] It is one of the top 10 most valuable corporations,[9] and is named the 31st-largest public company in the world on the Forbes Global 2000 2020 list.[10] In January 2018, Alibaba became the second Asian company to break the US$500 billion valuation mark, after its competitor Tencent.[11] As of 2022[update], Alibaba has the ninth-highest global brand valuation.[12]
Alibaba is one of the world's largest retailers and e-commerce companies. In 2020, it was also rated as the fifth-largest artificial intelligence company.[13] It is also one of the biggest venture capital firms and investment corporations in the world, as well as the second largest financial services group behind Visa via its fintech arm Ant Group. The company hosts the largest B2B (Alibaba.com), C2C (Taobao), and B2C (Tmall) marketplaces in the world.[14] It has been expanding into the media industry, with revenues rising by triple percentage points year after year.[15] It also set the record on the 2018 edition of China's Singles' Day, the world's biggest online and offline shopping day.[16]