Alibaba Group

Alibaba Group Holding Limited, branded as Alibaba , is a Chinese <a href="/facts/Multinational_corporation/qrMQSMTb">multinational</a> <a href="/facts/Technology_company/qdfDdm2m">technology company</a> specializing in <a href="/facts/E-commerce_in_China/uKk8QNsD">e-commerce</a>, retail, Internet, and technology. Founded on 28 June 1999 in <a href="/facts/Hangzhou/wXb5auh7">Hangzhou</a>, Zhejiang, the company provides <a href="/facts/Consumer-to-consumer/h6LzFAt0">consumer-to-consumer</a> (C2C), <a href="/facts/Business-to-consumer/4y8sfDHf">business-to-consumer</a> (B2C), and <a href="/facts/Business-to-business/9vKUQSmL">business-to-business</a> (B2B) sales services via Chinese and global marketplaces, as well as local consumer, digital media and entertainment, logistics, and <a href="/facts/Cloud_computing/guhg0FGV">cloud computing</a> services. It owns and operates a diverse portfolio of companies around the world in numerous business sectors.
On 19 September 2014, Alibaba's American <a href="/facts/Initial_public_offering/2NntDhrG">initial public offering</a> (IPO) on the <a href="/facts/New_York_Stock_Exchange/XgSV32lk">New York Stock Exchange</a> raised US$25 billion, giving the company a market value of US$231 billion and, by far, then the largest IPO in world history. It is one of the top 10 most valuable corporations, and is named the 31st-largest public company in the world on the <a href="/facts/Forbes_Global_2000/cpxW0UVa">Forbes Global 2000</a> 2020 list. In January 2018, Alibaba became the second Asian company to break the US$500 billion valuation mark, after its competitor <a href="/facts/Tencent/88gpEqLy">Tencent</a>. As of 2022, Alibaba has the ninth-highest global <a href="/facts/List_of_most_valuable_brands/8pEGFWRg">brand valuation</a>. 
Alibaba is one of the world's <a href="/facts/List_of_largest_Internet_companies/hUaWQQ6J">largest retailers and e-commerce companies</a>. In 2020, it was also rated as the fifth-largest <a href="/facts/Artificial_intelligence/lJGauQwX">artificial intelligence</a> company. It is also one of the biggest venture capital firms and investment corporations in the world, as well as the second largest financial services group behind <a href="/facts/Visa_Inc./v2B56a8f">Visa</a> via its fintech arm <a href="/facts/Ant_Group/2QCkMcuE">Ant Group</a>. The company hosts the largest B2B (Alibaba.com), C2C (<a href="/facts/Taobao/vkYIgaky">Taobao</a>), and B2C (<a href="/facts/Tmall/4UU5jtu4">Tmall</a>) marketplaces in the world. It has been expanding into the media industry, with revenues rising by triple percentage points year after year. It also set the record on the 2018 edition of China's <a href="/facts/Singles%2527_Day/BTgpwhjU">Singles' Day</a>, the world's biggest online and offline shopping day.

Alibaba Group open-in-new

Alibaba Group