Alibaba Group
Alibaba Group
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Coordinates: 30°11′31.12″N 120°11′9.79″E
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Type of site
| Public |
|---|---|
| Traded as | NYSE: BABA |
| Founded | 4 April 1999 Hangzhou, Zhejiang, China |
| Headquarters | Hangzhou, Zhejiang, China |
| Area served | Worldwide |
| Founder(s) | Jack Ma Peng Lei |
| Key people |
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| Industry | Internet |
| Products | E-commerce, Online auction hosting, Online money transfers, Mobile commerce |
| Services | Online shopping |
| Revenue |  CN¥158.273 billion (US$23.82 billion, 2017)[1] |
| Operating income | CN¥48.055 billion (US$7.23 billion, 2017)[1] |
| Net income | CN¥41.226 billion (US$6.2 billion, 2017)[1] |
| Total assets | CN¥506.812 billion (US$76.28 billion, 2017)[1] |
| Total equity | CN¥321.129 billion (US$48.33 billion, 2017)[1] |
| Employees | 50,092 (2017)[1] |
| Subsidiaries | Alibaba.com, Guangzhou Evergrande Taobao F.C., Taobao, Tmall, UCWeb, AliExpress, Juhuasuan.com, 1688.com, Alimama.com, Ant Financial, Cainiao, Lazada, Youku Tudou, Alibaba Cloud |
| Slogan(s) | To make it easy to do business anywhere |
| Website | www |
| Alexa rank |  175 (as on 08 November 2017) |
| Alibaba Group | |||
| Simplified Chinese | 阿里巴巴集团 | ||
|---|---|---|---|
| Traditional Chinese | 阿里巴巴集團 | ||
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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 multinational e-commerce, retail, Internet, AI and technology conglomerate founded in 1999 that provides consumer-to-consumer, business-to-consumer and business-to-business sales services via web portals, as well as electronic payment services, shopping search engines and data-centric cloud computing services. It owns and operates a diverse array of businesses around the world in numerous sectors, and is named as one of the world's most admired companies by Fortune.[2].[3]
At closing time on the date of its initial public offering (IPO) - the world's highest, 19 September 2014, Alibaba's market value was US$231 billion.[4] As of January 2018, Alibaba's market cap stood at US$509 billion.[5] It is one of the top 10 most valuable and biggest companies in the world.[6] In January 2018, Alibaba became the second Asian company to break the US$500 billion valuation mark, after Tencent.[7]
Alibaba is the world's largest and most valuable retailer since April 2016,[8] with operations in over 200 countries,[9] as well as one of the largest Internet companies. Its online sales and profits surpassed all US retailers (including Walmart, Amazon and eBay) combined since 2015.[10] It has been expanding into the media industry, with revenues rising 3-digit percents year on year.[11][12] It also orchestrated China's Singles' Day into the world's biggest online and offline shopping day, with its own sales reaching over US$25.4 billion on 11 November 2017.[13][14]
In 2016, Alibaba's Taobao and Tmall, two of the world's largest and most popular online retail marketplaces, achieved a total transaction volume of 3 trillion yuan (US$478.6 billion). The company aims to double the transaction volume to 6 trillion yuan by 2020.[15]
As of November 2017, Alibaba has over 550 million monthly active mobile users across its platforms.[16] It also provides an online digital distribution service 9Apps, which hosts huge amount of content and applications for downloads.[17]
Alibaba's affiliate Ant Financial was ranked sixth in Fortune's Change the World list, recognised for the positive green environmental impact of its Ant Forest, the world's largest platform for tracking individuals' carbon footprints. Ant Financial and its partners have achieved considerable success in the reduction of CO2 emissions.[18][19] Alibaba has also announced that it will invest 100 billion yuan over five years to build a global logistics network, underpinning an aggressive overseas expansion, and demonstrating Alibaba's commitment to building the most efficient logistic network in China and around the world. It is investing 5.3 billion yuan in Cainiao Smart Logistics Network to boost its stake to 51 percent from 47 percent.[20] The investment would value Cainiao, a joint venture of top Chinese logistics firms, at around US$20 billion. It is also rapidly expanding its e-commerce network abroad.[21]
Recently, Alibaba has outperformed major cloud players including Amazon, Microsoft and Google in public cloud revenue growth, achieving triple-digit percentage revenue growth year-on-year.[22]
Alibaba created a new live entertainment business unit under its Digital Media and Entertainment Group which focuses on ticketing, content creation and live experiences, bringing its entertainment ticketing platform Damai and its content creation and technology units MaiLive and Maizuo under one roof. It aims to provide a platform for live events (e.g. concerts, plays, eSports and sports events), as well as supporting content partners and leveraging Alibaba’s data capability for offline shows.[23][24] It has also entered a cooperation with JD.com to further develop China's parcel delivery efficiency, investing US$330 million into its Chinese merchandisers and logistics partners to build more facilities for delivery purposes.[25]
Contents
[hide]- 1History
- 1.1Founding and name
- 1.2Brick and mortar stores
- 1.3IPO
- 1.4Company timeline
- 2Companies and affiliated entities
- 2.1Alibaba.com
- 2.2AutoNavi
- 2.3Taobao
- 2.4Alipay
- 2.5Alibaba Cloud (Aliyun)
- 2.6AliExpress
- 2.7Yahoo! China
- 2.8Aliwangwang
- 2.9Laiwang
- 2.10Alibaba Pictures
- 2.11Youku Tudou
- 2.1211 Main
- 2.13South China Morning Post
- 2.14Ali Health
- 2.15Alisports
- 2.16UCWeb
- 2.17Lazada
- 2.18Ali Venture Capital
- 3Corporate governance
- 4Controversies
- 4.1Gold Supplier membership
- 4.2Uranium sales
- 4.3Counterfeit items and scams
- 5References
- 6External links
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