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Alibaba Group
Chinese multinational technology company / From Wikipedia, the free encyclopedia
Alibaba Group Holding Limited, known as Alibaba (Chinese: 阿里巴巴), is a Chinese multinational technology company.. They started on 28 June 1999, in Hangzhou, Zhejiang. Alibaba focuses on online shopping, retail, the internet, and technology. They help people buy and sell things online like person-to-person, business-to-customer, and business-to-business sales. They also offer digital media, entertainment, shipping, and cloud computing services. Alibaba owns and runs many companies worldwide in various industries.
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![]() "Taobao City", the main corporate campus of Alibaba Group at Xixi, Hangzhou | |
Native name | 阿里巴巴集团控股有限公司 |
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Company type | Public |
ISIN | US01609W1027 |
Industry | Technology company |
Founded | 28 June 1999; 25 years ago (1999-06-28)[1] Hangzhou, Zhejiang, China |
Founder | Jack Ma |
Headquarters | No. 969 West Wen Yi Road[2],
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Area served | Worldwide |
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Services |
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Owner | SoftBank Group |
Number of employees | 254,941[5] (31 March 2022) |
Subsidiaries | See companies and affiliated entities[broken anchor] |
Website | Official website ![]() |
Footnotes / references [6] |
On 19 September 2014, Alibaba went public on the New York Stock Exchange, raising $25 billion. This made Alibaba worth $231 billion, which was the biggest initial public offering (IPO) in history at that time.[7] It's now among the top 10 most valuable companies[8] and ranked the 31st-largest public company globally on the Forbes Global 2000 2020 list.[9] In January 2018, Alibaba became the second Asian company valued at over $500 billion, following its competitor Tencent.[10] As of 2022, Alibaba is the ninth-highest-valued brand globally.[11]
Alibaba is one of the biggest retail and online shopping companies worldwide. In 2020, it was also ranked as the fifth-largest artificial intelligence company.[12] It's also a major venture capital firm and investment company globally and the second-largest financial services group after Visa through its financial technology arm, Ant Group.[source?] The company runs the largest online marketplaces for business-to-business (Alibaba.com), person-to-person (Taobao), and business-to-customer (Tmall) sales.[13] Alibaba has been entering the media business, increasing yearly profits. It also made a big record on China's Singles' Day in 2018, the world's largest online and offline shopping day.[14]