Profile: Launched in 1999, Alibaba.com is the leading platform for global wholesale trade. The company serves millions of buyers and suppliers around the world.
Alibaba.com brings hundreds of millions of products in over 40 different major categories, including consumer electronics, machinery and apparel. The company’s businesses consist of core commerce, cloud computing, mobile media and entertainment, and other innovation initiatives. Alibaba, through investee affiliates, participates in the logistics and local services sectors. Retail commerce in China operated by the Company includes the China online commerce destination (Taobao Marketplace); the China third-party platform for brands and retailers (Tmall), and the sales and marketing platform for flash sales (Juhuasuan). Wholesale commerce in China operated by the Company includes the China domestic wholesale marketplace (1688.com).
Alibaba Group was established in 1999 by 18 people led by Jack Ma, after launching its first website helping small and medium-sized enterprises in China to sell internationally, Alibaba Group has buyers for these products are located in 190+ countries and regions, and exchange hundreds of thousands of messages with suppliers on the platform each day.
In September 2014, Alibaba, issued a record-shattering $25 billion IPO. The company’s IPO in New York set a record as the world’s biggest public stock offering.
Top Executives: Daniel Yong ZHANG is the Chairman and Chief Executive Officer.
Top Shareholders: Softbank’s stake in Alibaba is equivalent to approximately 25% of the company. Alibaba co-founder and vice-chairman Joseph Tsai is the second-largest shareholder in the company, with 11.9% of the outstanding stock. Alibaba co-founder Jack Ma reduced his stake in Alibaba from 6.2% to 4.8% in 2020. Jack Ma was the largest individual shareholder of the company for many years, is no longer the company’s largest shareholder, having retired from the company last year.
Sales: In Q1 FY 2021, Alibaba posted an 18.1% rise in adjusted earnings per ADS as revenue rose 33.8%. Revenue was RMB221,084 million (US$33,883 million), an increase of 37% year-over-year and Annual active consumers on the China retail marketplaces reached 779 million for the twelve months period ended December 31, 2020, an increase of 22 million from the twelve months period ended September 30, 2020.
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