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Alibaba Group

@alibabagroup

brandHangzhou

25 verified credits0 followers

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commerce

About

Alibaba Group Holding Limited is China's and one of the world's largest e-commerce, cloud computing, and digital media conglomerates, with annual revenues of RMB 868 billion (approximately $120 billion USD). Founded in 1999 by Jack Ma and 17 co-founders in an apartment in Hangzhou, Alibaba began as a B2B marketplace connecting Chinese manufacturers with global buyers and has grown into an ecosystem spanning: Alibaba.com (global B2B), Taobao (C2C), Tmall (B2C premium), AliExpress (cross-border retail), Lazada (Southeast Asia), Alibaba Cloud (APAC's leading cloud), Cainiao (logistics), and Ant Group (fintech). The Singles Day (11.11) shopping festival Alibaba created in 2009 now generates over $85 billion in transactions in 24 hours — the world's largest shopping event. In India, Alibaba has invested in Paytm, BigBasket, Zomato, and Snapdeal, and runs AliExpress as a B2C platform for Indian consumers.

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