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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

Acquisitions

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
October 12, 2021
The Economic Times
The Chinese billionaire has been keeping a low profile since delivering a speech in October last year in Shanghai criticising China's financial regulators. That triggered a chain of events that resulted in the shelving of his Ant Group's mega IPO.
By JOE McDONALD and ZEN SOO
October 3, 2021
AP NEWS
BEIJING (AP) -- The ruling Communist Party is tightening political control over China's internet giants and tapping their wealth to pay for its ambitions to reduce reliance on U.S. and European technology.
JOE McDONALD and ZEN SOO AP Business Writers
October 3, 2021
ABC News
After flourishing for two decades with little regulation, China's internet industries face a future of tighter control by the ruling Communist Party and pressure to pay for its tech ambitions, social welfare and propaganda
Paul Mozur
September 7, 2021
www.nytimes.com
Prosecutors declined to charge the man, who a co-worker said had assaulted her, an allegation that highlighted sexism in the Chinese tech scene.
September 7, 2021
AP NEWS
BEIJING (AP) -- Chinese prosecutors have dropped a case against a former Alibaba manager accused by a female colleague of sexual assault, weeks after the case caused a backlash against the e-commerce firm over how it handles sexual misconduct allegations.
The Associated Press
September 7, 2021
ABC News
Chinese prosecutors have dropped a case against a former Alibaba manager accused of sexual assault by a female colleague, weeks after the case caused a backlash against the e-commerce firm for how it handles alleged sexual misconduct
The Associated Press
September 3, 2021
CTVNews
E-commerce giant Alibaba Group said Friday it will spend US$15.5 billion to support President Xi Jinping's campaign to spread China's prosperity more evenly, adding to pledges by tech companies that are under pressure to pay for the ruling Communist Party's political initiatives.
Graeme Wearden
September 3, 2021
the Guardian
The TGI Fridays restaurant in the Lexicon Shopping Centre in Bracknell, one of many which are hiring staff. Photograph: Maureen McLean/REX/Shutterstock
Reuters
September 3, 2021
the Guardian
Move comes on back of Beijing encouraging firms to share wealth as part of a drive to ease inequality
Zee News
August 30, 2021
Zee News
In what seem to be once again rattling the tech world in China, Alibaba Group Holding Ltd. has dismissed 10 employees for publicizing a female employee's internal account wherein she has alledged her former manager and client of sexually assaulting her, said a Bloomberg report.
Brenda Goh | Reuters
August 27, 2021
@bsindia
In China, state media have accused companies of using algorithms to pressure people into purchases and promotions
Manish Singh
August 27, 2021
TechCrunch
China is not done with curbing the influence local internet services have assumed in the world's largest populous market. Following a widening series of regulatory crackdowns in recent months, the nation on Friday issued draft guidelines on regulating the algorithms firms run to make recommendations to users. In a 30-point draft guidelines published on Friday, [...]
The Associated Press
August 14, 2021
CTVNews
Two men were detained Saturday on suspicion of sexual assault in a case that shook Alibaba Group, the world's biggest e-commerce company, Chinese police announced.
August 11, 2021
Moneycontrol
A round-up of the biggest articles from newspapers
Emma Lee
August 9, 2021
TechNode
The case in Alibaba rekindled a public discussion on the difficulties and danger Chinese women often face at work.
Sui-Lee Wee
August 9, 2021
www.nytimes.com
Two senior managers also resigned for failing to respond appropriately after the woman reported the incident, the company's chief executive said in a memo.
Laura He, CNN Business
August 9, 2021
CNN
A sexual assault scandal has rocked Alibaba and led to departures at the Chinese e-commerce giant.
By JOE McDONALD
July 28, 2021
AP NEWS
BEIJING (AP) -- Foreign shareholders in China's tech companies are learning what its entrepreneurs have long known: The ruling Communist Party's decisions about what is good for the economy can hurt your business.
JOE McDONALD AP Business Writer
July 28, 2021
ABC News
Foreign shareholders in China's tech companies are learning what its entrepreneurs have long known: The ruling Communist Party's decisions about what is good for the economy can hurt your business
By JOE McDONALD
July 24, 2021
AP NEWS
BEIJING (AP) -- Internet giant Tencent was ordered by regulators to end exclusive contracts with music copyright holders, adding to increased enforcement of anti-monopoly and other rules as Beijing tightens control over booming online industries.
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References

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