The Chinese e-commerce giant Alibaba Group has become important to the world’s business environment. It is hard to imagine Sino-foreign commercial activities without platforms such as Alibaba, and the Chinese cannot imagine their online shopping without Taobao or Tmall. The infographics present ten facts about Alibaba Group that you may not know.
Jack Ma founded Alibaba Group (阿里巴巴集团) in 1999 in Hangzhou. It was developed in the founder’s apartment. By the end of 2001, Alibaba.com had more than one million registered users. In 2010, the AliExpress platform was online. In 2014, Alibaba Group was listed on the New York Stock Exchange and the Hong Kong Stock Exchange five years later.
Alibaba Group is one of the largest internet, artificial intelligence, and investment corporations in the world. The company mainly facilitates sales transactions between consumers (C2C), businesses (B2B), and business-to-consumer (B2C) via online marketplaces. In addition, it deals with electronic payment services, shopping search engines, and cloud computing services. It owns and operates a variety of businesses around the world in many sectors. It is now the world’s largest e-commerce company.
10 facts about Alibaba Group
Alibaba Group’s goal is to make it easy to do business anywhere.
- Alibaba Group employs 244,000 full-time employees.
- There are more than a billion active users annually in the Alibaba ecosystem.
- Millions of products from over 5,600 industries are available on Alibaba.com.
- Jack Ma (Ma Yun), co-founder and former CEO of Alibaba Group, was an English teacher.
- Alibaba’s annual net income for 2022 was $9.774B.
- Alibaba’s largest shareholder is Softbank Group (24%).
- Alibaba’s IPO was the largest at the time ($25 billion).
- Goldman Sachs was one of the first investors.
- The Alibaba name represents that its platforms open a doorway to fortune for small businesses.
- Alibaba runs the Luohan Academy open research institute.
Companies owned by Alibaba
Below are some companies that are part of the Alibaba Group:
- Taobao (China’s leading e-commerce platform)
- Tmall (e-commerce platform for consumers in and outside of China)
- Freshippo (chain of self-service stores)
- AliExpress (the largest e-commerce marketplace)
- Lazada (Southeast Asian e-commerce platform)
- Alibaba.com (wholesale site)
- 1688 (China’s leading wholesale platform)
- Ele.me (on-demand delivery platform for food, takeaway, flowers, and pharmaceuticals)
- YouKu (China’s leading video platform)
- DingTalk (digital workspace)
- Alimama (monetization platform)
- Alibaba Cloud (cloud services)
- Cainiao (Smart Logistics Network).
Check out Alibaba’s companies!