Alibaba Group
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Type of site
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Public |
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| Traded as | : BABA |
| Founded | 4 April 1999 Hangzhou, Zhejiang, China |
| Headquarters | Hangzhou, Zhejiang, China |
| Area served | Worldwide |
| Owner | Jack Ma (7.8%) |
| Founder(s) | Jack Ma |
| Key people |
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| Industry | Internet |
| Products | E-commerce, Online auction hosting, Online money transfers, mobile commerce |
| Services | Online shopping |
| Revenue |
 CN¥101.143 billion (2016) |
| Operating income |
CN¥29.102 billion (2016) |
| Net income |
CN¥71.289 billion (2016) |
| Total assets | CN¥364.450 billion (2016) |
| Employees | 46,228 (June 2016) |
| Subsidiaries | Guangzhou Evergrande Taobao F.C., Taobao, Tmall, UCWeb, AliExpress |
| Slogan(s) | To make it easy to do business anywhere |
| Website | alibabagroup |
| Alibaba Group | |||||||||
| Simplified Chinese | 阿里巴巴集团 | ||||||||
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| Traditional Chinese | 阿里巴巴集團 | ||||||||
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| Transcriptions | |
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| Standard Mandarin | |
| Hanyu Pinyin | Ālǐbābā Jítuán |
| IPA | álɨ̀pápá tɕɨ̌tʰu̯ǎn |
Coordinates: 30°11′31.12″N 120°11′9.79″E / 30.1919778°N 120.1860528°E
Alibaba Group Holding Limited (Chinese: 阿里巴巴集团控股有限公司; pinyin: Ālǐbābā Jítuán Kònggǔ Yǒuxiàn Gōngsī) is a Chinese e-commerce company that provides consumer-to-consumer, business-to-consumer and business-to-business sales services via web portals. It also provides electronic payment services, a shopping search engine and data-centric cloud computing services. The group began in 1999 when Jack Ma founded the website Alibaba.com, a business-to-business portal to connect Chinese manufacturers with overseas buyers. In 2012, two of Alibaba's portals handled 1.1 trillion yuan ($170 billion) in sales. Suppliers from other countries are supported (with more stringent checks than for Chinese companies), but the company primarily operates in the People's Republic of China (PRC). At closing time on the date of its initial public offering (IPO), 19 September 2014, Alibaba's market value was US$231 billion. However, the stock has traded down and market cap was about $212 billion at the end of December 2015. It is the world's largest retailer as of April 2016 surpassing Walmart, as well as one of the largest Internet companies.
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