Alibaba Group

Hangzhou-based group of Internet-based e-commerce businessesCoordinates :

Alibaba Group Holding Limited, also known as Alibaba Group and, is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology. Founded on 28 June 1999[1] in Hangzhou, Zhejiang, the company provides consumer-to-consumer (C2C), business-to-consumer (B2C), and business-to-business (B2B) sales services via web portals, as well as electronic payment services, shopping search engines and cloud computing services. It owns and operates a diverse portfolio of companies around the world in numerous business sectors.[6]

On 19 September 2014, Alibaba’s initial public offering (IPO) on New York Stock Exchange raised US$25 billion, giving the company a market value of US$231 billion and, by far, then the largest IPO in world history.[7] It is one of the top 10 most valuable corporations,[8] and is named the 31st-largest public company in the world on the Forbes Global 2000 2020 list.[9] In January 2018, Alibaba became the second Asian company to break the US$500 billion valuation mark, after its competitor Tencent.[10] As of 2020, Alibaba has the sixth-highest global brand valuation.[11]

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Alibaba is one of the world’s largest retailers and e-commerce companies. In 2020, it was also rated as the fifth-largest artificial intelligence company. [ 12 ] It is also one of the biggest venture capital firms, and one of the biggest investment corporations in the world. [ 13 ] [ 14 ] [ 15 ] [ 16 ] The company hosts the largest B2B ( Alibaba. com ), C2C ( Taobao ), and B2C ( Tmall ) marketplaces in the world. [ 17 ] [ 18 ] It has been expanding into the truyền thông industry, with revenues rising by triple percentage points year after year. [ 19 ] It also set the record on the 2018 edition of China’s Singles ‘ Day, the world’s biggest trực tuyến and offline shopping day. [ 20 ] [ 21 ] [ 22 ]

The company’s name came from the character Ali Baba from the Middle Eastern folk-tale collection One Thousand and One Nights because of its universal appeal.[23] As Jack Ma, one of the founders, replied to Lorraine Hahn on TalkAsia:

One day I was in San Francisco in a coffee shop, and I was thinking Alibaba is a good name. And then a waitress came, and I said do you know about Alibaba ? And she said yes. I said what do you know about Alibaba, and she said ‘ Open Sesame. ‘ And I said yes, this is the name ! Then I went onto the street and found 30 people and asked them, ‘ Do you know Alilbaba ‘ ? People from India, people from Germany, people from Tokyo and Trung Quốc … They all knew about Alibaba. Alibaba — open sesame. Alibaba — 40 thieves. Alibaba is not a thief. Alibaba is a kind, smart business person, and he helped the village. So … easy to spell, and global know. Alibaba opens sesame for small – to medium-sized companies. We also registered the name AliMama, in case someone wants to marry us ! [ 24 ]

Category: Marketing

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