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
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.
Funding rounds
People
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
Further reading
Documentaries, videos and podcasts
Companies
Alibaba Group
Daniel Zhang
Hangzhou, China
e-commerce