Alibaba Group Holding Limited, also known as Alibaba Group and as Alibaba.com, is a Chinese multinational technology 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) 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]
Alibaba is the world’s largest retailer and e-commerce company, and on the list of largest Internet companies. In 2020, it was also rated as the fifth-largest artificial intelligence company.[12] It is also one of the biggest venture capital firms, and one of the biggest investment corporations in the world.[13][14][15][16] The company hosts the largest B2B (Alibaba.com), C2C (Taobao), and B2C (Tmall) marketplaces in the world.[17][18] It has been expanding into the media industry, with revenues rising by triple percentage points year after year.[19] It also set the record on the 2018 edition of China’s Singles’ Day, the world’s biggest online and offline shopping day.[20][21][22]
Source: https://en.wikipedia.org/wiki/Alibaba_Group
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