Golden
Alibaba Group

Alibaba Group

Hangzhou-based group of Internet-based e-commerce businesses

In 1999 Jack Ma and his friends founded Alibaba.com in an apartment in Hangzhou, Zhejiang China. Jack Ma is an English teacher in Hangzhou. Alibaba started as a retailer and e-commerce company servicing business-to-business (B2B), consumer-to-consumer (C2C), and consumer-to-business (C2B).



The name Alibaba is from the folk tale One Thousand And One Nights. Jack Ma chose the name because of its universal appeal.



Taobao Marketplace, a consumer-to-consumer online shopping platform was launched by Alibaba in 2003. It became Taobao Mall in April 2008. In 2013 it was the most visited website in China.



AliExpress was launch by Alibaba in 2010. It is made up of a small Chinese businessman and offers retail products to international buyers. Through AliExpress, a lot of small businesses in China were able to sell their products all over the world.



In April 2016 Alibaba Group acquired control of Lazada Group, a Singaporean company by paying $500 million for shares and buying $500 million shares from other investors. Lazada operates in several Asian countries like the Philippines, Indonesia, Malaysia, Thailand, Vietnam, and Singapore. Lucy Peng Lei (Alibaba co-founder) is the CEO of Lazada.



By September 10, 2019, Jack Ma will step down as executive chairman. Daniel Zhang ( Alibaba CEO) will succeed him as executive chairman of Alibaba Group.





Timeline

People

Name
Role
Related Golden topics

Alexander Tsai

Employee



Benjamin Poon

Employee



Beviz Tsoi

Employee



Byron Wong

Investor



Chen Jia

Employee



CHENG LIANG

Employee



Chris Cashwell

Advisor



Chrissy Hu

Employee



Christina Fontana

Employee



Chu Zhang

Employee



Dahui Feng

Employee



Daphne Sim

Investor



David Popowitz

Investor



DENG DUANTING

Employee



Derek Li

Investor



DI Zhu

Employee



Eliette Krakora

Investor



Eric David Struski

Investor



Evie Deng

Employee



Eyad Matar

Investor



Frank Lin

Employee



Greg Arrese

Investor



Guang Wong

Employee



Guo Xing Lim

Employee



Haider Aly-Reza

Employee



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Further reading

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Documentaries, videos and podcasts

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Companies

Company
CEO
Location
Products/Services

Alibaba Group

Daniel Zhang

Hangzhou, China

e-commerce