China Alibaba Company


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[3][4]. 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[1] 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.[6]. 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.[7] It is one of the top 10 most valuable corporations,[8] and is named the 31st-largest public company in the world on the Forbes Global 2000 2020 list.[9] In January 2018, Alibaba became the second Asian company to break the US$500 billion valuation mark, after its competitor Tencent.[10] As of 2020, Alibaba has the sixth-highest global brand valuation.[11].

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