Alibaba Group Of Companies

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Alibaba Group Holdings Ltd. (BABA) is often called "The Amazon of China" in reference to the giant American e-commerce company, Inc. Alibaba was founded in 1999 by 18 people and led by a former English teacher named Jack Ma, who guided the company's meteoric growth for nearly two decades before stepping down as executive chair in September 2019.

The early founders believed that the Internet would be a great leveler, enabling small businesses to leverage innovation and technology in order to grow and compete more effectively in domestic and international markets. Alibaba was born out of that vision and has since grown into a global e-commerce, Internet, and technology company. The company posted a net income of $21.9 billion on $109.5 billion of revenue during its 2021 fiscal year (FY), which ended March 31, 2021.

Alibaba has a market capitalization of $584.4 billion as of July 7, 2021. Alibaba has followed Amazon's example by expanding into businesses that broaden its base of supply hubs. But Alibaba has also borrowed the model of other FAANG technology companies by branching out into various apps and tech services. This growth is reflected in Alibaba's broad array of subsidiaries. Alibaba and other big tech companies have come under increasing pressure from Chinese regulators over the past year.

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