Coordinates: 30°11′23″N120°11′25″E / 30.189602°N 120.190371°E. "Taobao City", the main corporate campus of Alibaba Group at Xixi, Hangzhou. Hang Seng Index component. Yuhang District, Hangzhou, Zhejiang and George Town, Cayman Islands. Daniel Zhang(executive chairman and CEO).
Joseph Tsai(executive vice chairman). Michael Evans(president). "Alibaba" in Chinese characters. Alibaba Group Holding Limited, also known as Alibaba (Chinese: 阿里巴巴), is a Chinese multinationaltechnology company specializing in e-commerce, retail, Internet, and technology. Founded on 28 June 1999 in Hangzhou, Zhejiang, the company provides consumer-to-consumer (C2C), business-to-consumer (B2C), and business-to-business (B2B) sales services via web portals, as well as electronic payment services, shopping search engines 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 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. It is one of the top 10 most valuable corporations, and is named the 31st-largest public company in the world on the Forbes Global 2000 2020 list. In January 2018, Alibaba became the second Asian company to break the US$500 billion valuation mark, after its competitor Tencent. As of 2020, Alibaba has the sixth-highest global brand valuation..