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Alibaba Group

Alibaba Group Holding Limited
Alibaba-Group-Logo.png
Type of site
Public
Traded as BABA
Founded 4 April 1999; 17 years ago (1999-04-04)
Hangzhou, Zhejiang, China
Headquarters Hangzhou, Zhejiang, China
Area served Worldwide
Owner Jack Ma (7.8%)
Founder(s) Jack Ma
Key people
  • Jack Ma (Chairman)
  • Daniel Zhang (CEO)
  • Joseph Tsai (Executive vice-chairman)
  • J. Michael Evans (President)
Industry Internet
Products E-commerce, Online auction hosting, Online money transfers, mobile commerce
Services Online shopping
Revenue IncreaseCN¥101.143 billion (2016)
Operating income Increase CN¥29.102 billion (2016)
Net income Increase CN¥71.289 billion (2016)
Total assets Increase 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.com
Alibaba Group
Simplified Chinese 阿里巴巴集团
Traditional Chinese 阿里巴巴集團

Coordinates: 30°11′31.12″N 120°11′9.79″E / 30.1919778°N 120.1860528°E / 30.1919778; 120.1860528

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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