cover image

Alibaba Group

Chinese multinational technology company / From Wikipedia, the free encyclopedia

Dear Wikiwand AI, let's keep it short by simply answering these key questions:

Can you list the top facts and stats about Alibaba Group?

Summarize this article for a 10 years old


Alibaba Group Holding Limited, or Alibaba (Chinese: 阿里巴巴), 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.

Quick facts: Native name, Type, Traded as, ISIN, Industry...
Alibaba Group Holding Limited
Native name
Founded28 June 1999; 23 years ago (1999-06-28)[1]
Hangzhou, Zhejiang, China
FounderJack Ma
HeadquartersNo. 969 West Wen Yi Road[2],
Area served
Key people
RevenueIncrease ¥853.062 billion RMB[5] (US$134.567 billion, 2022)
Decrease ¥69.638 billion RMB[5] (US$10.985 billion, 2022)
Decrease ¥47.079 billion RMB[5] (US$7.427 billion, 2022)
Total assetsIncrease ¥1.696 trillion RMB[5] (US$267.467 billion, 2022)
Total equityDecrease ¥1.073 trillion RMB[5] (US$169.189 billion, 2022)
OwnerSoftBank Group (23.9%[6])
Number of employees
254,941[5] (31 March 2022)
SubsidiariesSee companies and affiliated entities
WebsiteOfficial website Edit this at Wikidata
Quick facts: Alibaba Group, Simplified Chinese, Traditiona...
Alibaba Group
"Alibaba" in Chinese characters.
Simplified Chinese阿里巴巴集团
Traditional Chinese阿里巴巴集團

On 19 September 2014, Alibaba's initial public offering (IPO) on the 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 2022, Alibaba has the ninth-highest global brand valuation.[11]

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 investment corporations in the world, as well as the second largest financial services group behind Visa via its fintech arm Ant Group. The company hosts the largest B2B (, C2C (Taobao), and B2C (Tmall) marketplaces in the world.[13] It has been expanding into the media industry, with revenues rising by triple percentage points year after year.[14] It also set the record on the 2018 edition of China's Singles' Day, the world's biggest online and offline shopping day.[15]