Alibaba Group

Alibaba Group

Alibaba Group is a hangzhou-based group of Internet-based e-commerce businesses founded in 1999 by Jack Ma, Peng Lei and Joseph Tsai.

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

September 6, 2019
Alibaba acquires NetEase Kaola in deal worth $2 billion.

Alibaba Group has acquired NetEase Kaola for $2 billion, the two companies will integrate it into Tmall, creating the largest cross-border e-commerce platform in China.

May 6, 2019
Alibaba has been crowned the most valuable brand in China for the first time in the annual BrandZTM Top 100 Most Valuable Chinese Brands ranking.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Alibaba Music series A round
January 1, 2016
1 Result
Results per page:
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People

Name
Role
LinkedIn

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

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

Alibaba Group

Daniel Zhang

Hangzhou, China

e-commerce

News

Title
Author
Date
Publisher
Description
Reuters
January 21, 2021
@bsindia
While Ma has stepped down from corporate positions and earnings calls, he retains significant influence over Alibaba and Ant
Rupert Neate Wealth correspondent
January 20, 2021
the Guardian
Alibaba co-founder, not seen since Beijing began crackdown on his firms, says he has been 'studying and thinking'
Reuters
January 20, 2021
CTVNews
Alibaba Group founder Jack Ma met 100 rural teachers in China via a live video meeting on Wednesday morning, in the businessman's first appearance since October, triggering a sharp jump in the Hong Kong listed shares of the e-commerce giant.
January 20, 2021
The Economic Times
Alibaba Group founder Jack Ma met with 100 rural teachers in China via a video meeting on Wednesday, local government media reported.
JOE McDONALD AP Business Writer
January 20, 2021
ABC News
China's highest-profile entrepreneur, e-commerce billionaire Jack Ma, has appeared in a video posted online, ending a 2 1/2-month disappearance from public view that prompted speculation about his status and his business empire's future
January 20, 2021
AP NEWS
BEIJING (AP) -- China's highest-profile entrepreneur, e-commerce billionaire Jack Ma, appeared Wednesday in a video posted online, ending a 2 1/2-month disappearance from public view that prompted...
Our Foreign Staff
January 20, 2021
The Telegraph
High-profile entrepreneur met 100 rural teachers via a live video meeting after months of speculation about his whereabouts
Bloomberg | Lulu Yilun Chen and Coco Liu
January 20, 2021
@bsindia
Chinas most recognizable entrepreneur addressed scores of teachers on an online conference on Wednesday, part of an annual event the billionaire hosts to recognise the achievements of rural educators
January 8, 2021
WebWire
Unilever has joined forces with the Alibaba Group to launch the country's first large-scale closed-loop plastic recycling system. The joint initiative - called Waste-Free World - is part of Unilever's drive to tackle the root cause of plastic waste and think differently about packaging. As a company we have set a goal to halve our use of virgin plastic, cut plastic packaging by more than 100,000 tonnes and accelerate our use of recycled plastic by 2025. The initiative is part of that dr...
Reuters
January 7, 2021
The Hindu
If added, Alibaba and Tencent would be subject to an executive order signed by U.S. President Donald Trump in November, which bans U.S. investors from buying shares of the blacklisted firms starting in November, 2021.
Reuters
January 6, 2021
The Hindu
Alibaba's international bond offering, if finalised, would be the group's third, Refinitiv data showed. It sold an $8 billion U.S. dollar bond in 2014, and a $7 billion tranche in 2017, the data showed.
Sky
January 5, 2021
Sky News
China's best-known billionaire is thought to be keeping low after his reputation and finances took a hit.
By JOE McDONALD
January 5, 2021
AP NEWS
BEIJING (AP) -- China's best-known entrepreneur, e-commerce billionaire Jack Ma, made his fortune by taking big risks. The former English teacher founded Alibaba Group in 1999, when China...
IANS
January 5, 2021
@bsindia
Xiami is a music streaming app
Reuters
January 5, 2021
DealStreetAsia
Alibaba acquired the service in 2013, and invested millions of yuan to compete with Tencent.
December 31, 2020
The Economic Times
The ruling Communist Party encourages e-commerce and other online industries but worries about the dominance of major competitors. Party leaders say anti-monopoly enforcement, especially against online companies, will be a priority in the coming year.
The Associated Press
December 28, 2020
CTVNews
Stocks began the final week of 2020 slightly higher after U.S. President Donald Trump signed a US$900 billion economic aid package that helps reduce uncertainty amid the re-imposition of travel and business curbs in response to a new coronavirus variant.
Rupert Neate
December 28, 2020
the Guardian
Central bank says Ant Group governance is unsound and tells it to rectify 'illegal activities'
Helen Davidson in Taipei
December 24, 2020
the Guardian
Shares in e-commerce company plummet, with financial spinoff Ant Group also called in for 'supervisory' talks with authorities
Reuters
December 24, 2020
@bsindia
China has launched an investigation into Alibaba Group for suspected monopolistic behaviour and will summon its Ant Group to meet in coming days, regulators said
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References

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