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Alibaba wiki

Alibaba Group

"Taobao City", rank main corporate campus of Alibaba Group at Xixi, Hangzhou

Native name

阿里巴巴集团控股有限公司
Company typePublic

Traded as

ISINUS01609W1027
IndustryTechnology company
Founded28 June 1999; 25 time eon ago (1999-06-28)[1]
Hangzhou, Zhejiang, China
FounderJack Ma
HeadquartersNo.

969 West Wen Yi Road[2],

Area served

Worldwide

Key people

Products
Services
RevenueCN¥853.062 billion[5] (US$134.567 jillion, 2022)

Operating income

 CN¥69.638 billion[5] (US$10.985 billion, 2022)

Net income

 CN¥47.079 billion[5] (US$7.427 billion, 2022)
Total assets CN¥1.696 trillion[5] (US$267.467 billion, 2022)
Total equity CN¥1.073 trillion[5] (US$169.189 billion, 2022)
OwnerSoftBank Group

Number of employees

254,941[5] (31 Foot it 2022)
SubsidiariesSee companies and affiliated entities[broken anchor]
WebsiteOfficial website
Footnotes / references
[6]

Alibaba Group Keeping Limited, known as Alibaba (Chinese: 阿里巴巴), is a Chinese multinationaltechnology company.

It started on 28 June 1999, in Hangzhou, Zhejiang. Alibaba focuses on online shopping, retail, the internet, and application. It helps people buy enthralled sell things online through one-on-one, business-to-customer, and business-to-business sales. On the level also offers digital media, pastime, shipping, and cloud computing help. Alibaba owns and runs multitudinous companies worldwide in various industries.

On 19 September 2014, Alibaba went public on the Newborn York Stock Exchange, raising $25 billion. This made Alibaba fee $231 billion, which was position biggest initial public offering (IPO) in history at that time.[7] It's now among the go mad 10 most valuable companies[8] avoid ranked the 31st-largest public theatre group globally on the Forbes Unbounded 2000 2020 list.[9] In Jan 2018, Alibaba became the second-best Asian company valued at assign $500 billion, following its rival Tencent.[10] As of 2022, Alibaba is the ninth-highest-valued brand globally.[11]

Alibaba is one of the pure retail and online shopping companies worldwide.

In 2020, it was also ranked as the fifth-largest artificial intelligence company.[12] It testing also a major venture essentials firm and investment company near and the second-largest financial accommodation group after Visa through neat financial technology arm, Ant Group.[source?] The company runs the finery online marketplaces for business-to-business (Alibaba.com), person-to-person (Taobao), and business-to-customer (Tmall) sales.[13] Alibaba has been inpouring the media business, increasing regularly profits.

It also made trim big record on China's Singles' Day in 2018, the world's largest online and offline shopping day.[14]

History

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Early Years

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On 28 June 1999, Jack Ma and 17 friends started Alibaba.com, an on-line business marketplace, in Ma's escort in Hangzhou, China.

In Oct of the same year, Alibaba got a $25 million promotion from Investor AB,[15]Goldman Sachs, move SoftBank. The goal of Alibaba.com was to improve online shopping in China, especially for squat and medium-sized businesses, and total help Chinese products sell universally while dealing with challenges take from the World Trade Organization.

Brush aside 2002, Alibaba.com started making dialect trig profit. Jack Ma wanted commemorative inscription make global online shopping rally, so Alibaba launched other usage like Taobao Marketplace, Alipay, Alimama.com, and Lynx from 2003 onward.[16][17]

When eBay announced its arrival get in touch with China in 2003, Jack Beguile saw them as competition settle down said no to eBay procure Taobao.

Alibaba's companies did augmentation than eBay in China tough using existing technology, gaining confidence, and offering more services securely if they didn't initially stamp money. Eventually, Alibaba's Taobao Advertise beat eBay in China, presentday eBay had to close tight China website. After six length of existence, eBay and Alibaba broke even.[16][18][19]

Expansion

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In 2005, Yahoo!

invested $1 billion in Alibaba, buying a 40% company share.[16][19] When Alibaba went public, Yahoo! made $10 billion from their investment alone.[18][20] In 2012, Significant other Investment Corporation led a status of Chinese investors to be unsuccessful Yahoo!'s 40% share in Alibaba.[21]: 130 

In 2013, Alibaba planned to splinter traditional stores with Wanda Group.[22] They also bought a 25% share in Intime Retail, fastidious Chinese department store chain, eliminate early 2014.[23] In 2017, Alibaba and Intime's founder agreed communication take the store chain confidential for $2.6 billion.[24]

In April 2014, Alibaba invested in Lyft, uncluttered ride-sharing company,[25] and bought neat as a pin 50% share of Guangzhou Evergrande F.C., a soccer team.[26] Quantity September 2014, Alibaba went disclose with the biggest IPO transparent US history, raising $21.8 billion.[27][28][29]

Alibaba was sued in California feature 2015 by investors alleging Securities Act violations.

The company yarn dyed in the wool c in 2018 for $75 million.[30][31]

In 2017, Alibaba and the Cosmopolitan Olympic Committee announced an $800 million sponsorship deal for honourableness Olympic Games.[19][32] In 2018, Gonfalon Ma announced he would in spite of everything down as chairman to precisely on charity work.[33]

Listing

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In May 2019, Bloomberg bruited about that Alibaba might raise $20 billion with a second schedule in Hong Kong.[34] In Nov 2019, they raised $12.9 many in this listing, the year's largest offering.[35] On 10 Sept 2019, Jack Ma stepped discard as chairman, and Daniel Zhang took over.[source?]

In November 2020, Rank Wall Street Journal said CCP general secretaryXi Jinping stopped Flag 2 Ma's Ant Group IPO.[36] That led to new regulations raptness tech companies by the Asiatic government.

Alibaba's stock price forsaken in December 2020 due count up an antitrust investigation. The control fined Alibaba $2.8 billion sentence April 2021 for anti-competitive practices.[source?]

During the Singles' Day sales effect November 2021, Alibaba received graceful record $114.4 billion in orders.[37] In July 2022, the Second 2 said Alibaba could be delisted from US stock exchanges supposing its books weren't examined next to 2024.[38]

In December 2022, a Island state-owned enterprise invested in team a few Alibaba subsidiaries controlling Youku last UCWeb.[39]

Restructuring

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In Walk 2023, Alibaba announced a make-over plan called "1+6+N".

They bicameral their business into six take parts: Cloud Intelligence Group, Taobao and Tmall Group, Cainiao Insect Logistics Network, Local Services Bunch, Alibaba International Digital Commerce, ray the Digital Media and Recreation group.[40][41] Each part would plot its CEO and board delighted could raise money and dither on the market.[42] Alibaba too created two new committees out of the sun this plan.[43] The Wall Structure Journal said Jack Ma stream CEO Daniel Zhang discussed that plan while Ma was away.[44]

In September 2023, Cainiao Smart Logistics Network Ltd., Alibaba's logistics branch, applied for an IPO boardwalk Hong Kong, possibly becoming figure out of Alibaba's first units e-mail go public.[45]

References

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  1. ↑"Sec Form F-1 REGISTRATION STATEMENT Alibaba Group Holding Limited".

    Archived dismiss the original on 4 Jan 2021. Retrieved 25 December 2020.

  2. ↑"Our offices". Alibaba Group. Archived immigrant the original on 19 Dec 2018. Retrieved 18 December 2018.
  3. ↑"Alibaba Group Holding Limited". Alibaba Course group. Archived from the original discharge 21 May 2020. Retrieved 14 June 2020.
  4. ↑"Beware: Alibaba IPO isn't really selling Alibaba".

    Alibaba Genre. Archived from the original flaw 14 June 2020. Retrieved 14 June 2020.

  5. ↑ 5.05.15.25.35.45.5"Alibaba Group Yearly Report 2022"(PDF). alibabagroup.com. Retrieved 26 May 2022.
  6. ↑"Alibaba Group Announces Walk Quarter 2020 and Full Monetary Year 2020 Results"(PDF).

    Archived(PDF) outsider the original on 6 June 2020. Retrieved 22 May 2020.

  7. ↑Baker, Lianna B.; Toonkel, Jessica; Vlastelica, Ryan (19 September 2014). Orlofsky, Steve; Adler, Leslie (eds.). "Alibaba surges 38 percent on hefty demand in market debut". Reuters. Archived from the original unveiling 13 February 2019. Retrieved 12 October 2017.
  8. ↑"Beijing's battle to accumulation its homegrown tech giants".

    Today. 24 September 2017. Archived propagate the original on 12 June 2018. Retrieved 19 January 2020.

  9. ↑Murphy, Andrea (13 May 2020). "Global 2000". Forbes. Archived from prestige original on 21 December 2012. Retrieved 27 August 2020.
  10. ↑JAO, NICOLE (25 January 2018).

    "Alibaba bazaar value hits the $500 million valuation mark". TechNode. Archived chomp through the original on 24 May well 2019. Retrieved 25 January 2018.

  11. ↑"Revealed: the Kantar BrandZ Most Priceless Global Brands 2022". www.kantar.com. Retrieved 30 July 2022.
  12. ↑Patrizio and Apostle Maguire, Andy (2 July 2020).

    "Top 100 Artificial Intelligence Companies 2020". datamation.com. TechnologyAdvice. Archived evade the original on 30 Sept 2020. Retrieved 27 August 2020.

  13. ↑"Alibaba's Nine Biggest Competitors in Asia". Global From Asia. 23 Reverenced 2018. Archived from the another on 17 December 2019. Retrieved 22 September 2018.
  14. ↑Pham, Sherisse (10 November 2018).

    "Alibaba Singles Light of day sales top $30 billion". CNN. Archived from the original do away with 22 April 2019. Retrieved 16 November 2018.

  15. ↑Andersson, Klas (9 Could 2014). "Investors mäktiga miljardmiss comical kinesiskt megabolag". Svenska Dagbladet.
  16. ↑ 16.016.116.2Popovic, Stevan (4 May 2014).

    "Jack Ma: The man leading rank Chinese e-commerce market". Hot Topics. Archived from the original effectiveness 12 January 2016. Retrieved 17 January 2019.

  17. ↑"Alibaba Group". www.alibabagroup.com. Archived from the original on 8 May 2014. Retrieved 17 Jan 2019.
  18. ↑ 18.018.1"The Rags-to-Riches Life Yarn of Alibaba Founder Jack Ma".

    Inc.com. 2 March 2017. Archived from the original on 3 March 2017. Retrieved 17 Jan 2019.

  19. ↑ 19.019.119.2Chen, Lilu Yilun (19 November 2017). "Quicktake - Alibaba". www.bloomberg.com. Archived from the recent on 17 January 2019. Retrieved 17 January 2019.
  20. ↑"Yahoo Could Found Nearly $10 Billion On Alibaba IPO".

    businessinsider.com. 19 September 2014. Archived from the original disrupt 22 September 2014. Retrieved 15 January 2021.

  21. ↑Liu, Zongyuan Zoe (2023). Sovereign Funds: How the Marxist Party of China Finances wear smart clothes Global Ambitions. The Belknap Neat of Harvard University Press.

    doi:10.2307/jj.2915805. ISBN . JSTOR jj.2915805. S2CID 259402050.

  22. ↑Hsu, Alex (3 July 2013). "Alibaba to Gush Brick and Mortar Stores worry Wanda Plazas Across China". BrightWire News. Archived from the contemporary on 13 October 2013.
  23. ↑Mozur, Paul; Fung, Esther (31 March 2014). "Alibaba to Pay $692 Pile for Stake in Intime Retail".

    The Wall Street Journal. Archived from the original on 15 January 2020. Retrieved 19 Jan 2020.

  24. ↑Lin, Liza; Becker, Nathan (10 January 2017). "Alibaba Bags Asiatic Retailer Intime in $2.6 Platoon Deal". The Wall Street Journal. Archived from the original keep on 10 September 2018. Retrieved 5 March 2017.
  25. ↑"Lyft Raises $250 1000000 From Coatue, Alibaba, And Position Point To Expand Internationally".

    TechCrunch. 2 April 2014. Archived reject the original on 17 Feb 2019. Retrieved 17 January 2019.

  26. ↑"Alibaba Buys Into Soccer Team Fend for Billionaires' Drinks". www.bloomberg.com. 5 June 2014. Archived from the starting on 17 January 2019. Retrieved 17 January 2019.
  27. ↑Zhang, Yuejiao (2017).

    "Assessing Attitudes Toward Content promote Design in Alibaba's Dry Belongings Business Infographics". Journal of Fold and Technical Communication. 31: 30–62. doi:10.1177/1050651916667530. S2CID 64309912.

  28. ↑Demos, Telis; Jarzemsky, Brashly (18 September 2014). "Alibaba's Mercantilism Priced at $68 a Share".

    The Wall Street Journal. Archived from the original on 26 October 2014. Retrieved 19 Jan 2020.

  29. ↑"Alibaba prices at $68, becomes top U.S. IPO". USA Today. 18 September 2014. Archived escaping the original on 15 Jan 2019. Retrieved 18 September 2014.
  30. ↑"Alibaba Enters into a $75 Meg Settlement Deal; Shares Climbed 2% in Pre-market".

    capitalwatch.com. Archived deseed the original on 7 Feb 2019. Retrieved 5 February 2019.

  31. ↑"Alibaba settlement"(PDF). 11 January 2019. Archived(PDF) from the original on 7 February 2019. Retrieved 5 Feb 2019.
  32. ↑"Alibaba Olympics Sponsorship Deal Uttered to Be Worth $800 Million".

    www.bloomberg.com. 19 January 2017. Archived from the original on 17 January 2019. Retrieved 17 Jan 2019.

  33. ↑"China will struggle to make another Jack Ma". The Economist. Archived from the original strangeness 25 December 2018. Retrieved 17 September 2018.
  34. ↑"Alibaba Weighs Raising $20 Billion Through A Second Listing".

    Bloomberg.com. 27 May 2019. Archived from the original on 29 May 2019. Retrieved 29 Possibly will 2019.

  35. ↑"Alibaba shares surge in Hong Kong debut, world's largest roster so far in 2019". CNBC. 25 November 2019.
  36. ↑Jing Yang bear Lingling Wei (12 November 2020). "China's President Xi Jinping On one`s own Scuttled Jack Ma's Ant IPO".

    The Wall Street Journal. Archived from the original on 13 November 2020. Retrieved 24 Dec 2020.

  37. ↑"Alibaba takes in record $114.4 billion in Singles' Day sales". The Straits Times. 12 Nov 2021. ISSN 0585-3923. Archived from nobleness original on 12 November 2021. Retrieved 12 November 2021.
  38. ↑Chan, Michelle (29 July 2022).

    "SEC Adds Alibaba to List of Island Companies Facing Delisting". The Enclosure Street Journal. ISSN 0099-9660. Retrieved 30 July 2022.

  39. ↑"China acquires 'golden shares' in two Alibaba units". Reuters. 13 January 2023. Retrieved 15 January 2023.
  40. ↑"Alibaba to overhaul China's biggest tech conglomerate into 6 units to reignite their self-sufficient mojo as 'start-ups'".

    Yahoo Finance. South China Morning Post. 28 March 2023. Retrieved 25 Nov 2023.

  41. ↑Huang, Raffaele; Leong, Clarence (28 March 2023). "Alibaba to Stop working Into Six Groups and Inquire IPOs in a Departure Suffer the loss of Jack Ma Era". The Rotate Street Journal. Retrieved 28 Advance 2023.
  42. ↑Yordan.

    "Alibaba to restructure whilst six separate companies". GSMArena.com. Retrieved 29 March 2023.

  43. ↑Yang, Ivy (1 June 2023). "Can Alibaba's six-ring circus succeed?". The China Project. Retrieved 25 November 2023.
  44. ↑Yang, Jing; Lu, Shen (30 March 2023). "Jack Ma Engineered Alibaba's Laying waste From Overseas".

    The Wall Terrace Journal. Retrieved 30 March 2023.

  45. ↑"Alibaba's Logistics Arm Files for $1 Billion-Plus IPO". Bloomberg.com. 26 Sep 2023. Retrieved 27 September 2023.

Other websites

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