Alibaba Group

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Alibaba Group Holding Limited
Native name
阿里巴巴集团控股有限公司
Company typePublic
ISINUS01609W1027
Industry
Founded28 June 1999; 25 years ago (1999-06-28)[1]
Hangzhou, Zhejiang, China
FounderJack Ma
HeadquartersNo. 969 West Wen Yi Road[2],
Area served
Worldwide
Key people
Services
RevenueIncrease CN¥941.168 billion[6] (US$130.35 billion, 2024)
Increase CN¥113.350 billion[6] (US$15.699 billion, 2024)
Increase CN¥71.332 billion[6] (US$9.879 billion, 2024)
Total assetsIncrease CN¥1.765 trillion[6] (US$244.43 billion, 2024)
Total equityDecrease CN¥1.101 trillion[6] (US$152.61 billion, 2024)
OwnerSoftBank Group (14.2%)[6]
Number of employees
204,891 (2024)[6]
SubsidiariesSee companies and affiliated entities
WebsiteOfficial website Edit this at Wikidata
Footnotes / references
[6][7]
Alibaba Group
"Alibaba" in Chinese characters.
Chinese name
Simplified Chinese阿里巴巴集团
Traditional Chinese阿里巴巴集團
Transcriptions
Standard Mandarin
Hanyu PinyinĀlǐbābā Jítuán
Bopomofoㄚ ㄌㄧˇ ㄅㄚ ㄅㄚ ㄐㄧˊ ㄊㄨㄢˊ
Gwoyeu RomatzyhAliibaba Jyitwan
Wade–GilesA1-li3-pa1-pa1 Chi2-t'uan2
Tongyong PinyinA-lǐ-ba-ba Jí-tuán
IPA[á.lì.pá.pá tɕǐ.tʰwǎn]
Yue: Cantonese
Yale RomanizationAléihbābā Jaahptyùhn
Jyutpingaa3 leoi5 baa1 baa1 zaap6 tyun4
IPA[a˧ lɵɥ˩˧ pa˥ pa˥ tsap̚˨ tʰyn˩]
Dunganese name
DunganАлибаба Җитуан

Alibaba Group Holding Limited, branded as Alibaba (/ˌæliˈbɑːbə, ˌɑː-/), 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.

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, 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]

  1. ^ a b "Sec Form F-1 REGISTRATION STATEMENT Alibaba Group Holding Limited". Archived from the original on 4 January 2021. Retrieved 25 December 2020.
  2. ^ "Our offices". Alibaba Group. Archived from the original on 19 December 2018. Retrieved 18 December 2018.
  3. ^ "Alibaba Group Holding Limited". Alibaba Group. Archived from the original on 21 May 2020. Retrieved 14 June 2020.
  4. ^ "Beware: Alibaba IPO isn't really selling Alibaba". Alibaba Group. Archived from the original on 14 June 2020. Retrieved 14 June 2020.
  5. ^ Bejerano, Pablo G. (11 November 2023). "Temu, Shein, Miravia: Amazon's aggressive Chinese e-commerce rivals". El País.
  6. ^ a b c d e f g h "Alibaba Group FY 2024 Annual Report (Form 20-F)". US Securities and Exchange Commission. 23 May 2024. Retrieved 24 May 2024.
  7. ^ "Alibaba Group Fiscal Year 2023 Annual Report" (PDF). alibabagroup.com. Retrieved 18 November 2023.
  8. ^ Baker, Lianna B.; Toonkel, Jessica; Vlastelica, Ryan (19 September 2014). Orlofsky, Steve; Adler, Leslie (eds.). "Alibaba surges 38 percent on massive demand in market debut". Reuters. Archived from the original on 13 February 2019. Retrieved 12 October 2017.
  9. ^ "Beijing's battle to control its homegrown tech giants". Today. 24 September 2017. Archived from the original on 12 June 2018. Retrieved 19 January 2020.
  10. ^ Murphy, Andrea (13 May 2020). "Global 2000". Forbes. Archived from the original on 21 December 2012. Retrieved 27 August 2020.
  11. ^ JAO, NICOLE (25 January 2018). "Alibaba market value hits the $500 billion valuation mark". TechNode. Archived from the original on 24 May 2019. Retrieved 25 January 2018.
  12. ^ "Revealed: the Kantar BrandZ Most Valuable Global Brands 2022". www.kantar.com. Retrieved 30 July 2022.
  13. ^ Patrizio and James Maguire, Andy (2 July 2020). "Top 100 Artificial Intelligence Companies 2020". datamation.com. TechnologyAdvice. Archived from the original on 30 September 2020. Retrieved 27 August 2020.
  14. ^ "Alibaba's Nine Biggest Competitors in Asia". Global From Asia. 23 August 2018. Archived from the original on 17 December 2019. Retrieved 22 September 2018.
  15. ^ "Alibaba Becomes World's Most Valuable Retail Brand | News | Apparel Magazine(AM)". apparelmag.com. Archived from the original on 13 June 2018. Retrieved 29 September 2017.
  16. ^ Pham, Sherisse (10 November 2018). "Alibaba Singles Day sales top $30 billion". CNN. Archived from the original on 22 April 2019. Retrieved 16 November 2018.