Alibaba isworld’s largest B2B e-commerce website with net worth of 264.9 Billion USD asof January 2018. Alibaba Group operates as an online and mobile commercecompany trading in retail as well as wholesale marketplace with advancement intechnological innovations like cloud computing and other services.Its major businesses include Taobao Marketplace, which isa China’s online shopping destination; Tmall.
com, a China’s third-partyplatform for brands and retailers; Alibaba.com, a global wholesale platform forsmall businesses.(alipay and more imp stuff)**Company Timeline1999: Jack Ma startedAlibaba Group with 17 other founders from his 1 bedroom apartment in Hangzhou,China.
Alibaba launched an online marketplace for its domestic wholesale trade,during which period they raise 5 million USD from a consortium of investors.2000: Alibaba raised US 25 million $ from Softbank, goldman sachsand fidelity, and other institutions and also organized their first west lakesummit, a gathering of internet businesses and thought leaders this year.2001: Alibaba groupoutlined its mission and corporate values and also incorporated internaltraining to promote corporate culture. Alibaba.com surpassed 1 millionregistered users.2002: Attainment offirst financial milestone i.
e. became profitable.2003: Taobao wasfounded, a consumer e commerce website. Company worked in spite of SARSepidemic.
2004: Alibaba raised82$ million from several first tier investors in China. Online payment systemAlipay was launched.2005: Alibaba formeda strategic partnership with Yahoo Inc. in August and took over its operationsby October.
2006: Taobaouniversity program was launched to provide e-commerce training and education tobuyers and sellers. Also made a strategic investment in Koubei.com2007: Alibaba.com gotlisted in Hong Kong stock exchange and launched Alisoft and Alimama, an onlineadvertising exchange company.2008: Taobao mall adedicated B2C platform is introduced to complement Taobao marketplace. Koubei.com is merged with China Yahoo to formYahoo Koubei.
Alibaba group R institute was established.2009: Alisoft ismerged with Alibaba group R Institute. Alibaba cloud computing wasestablished.2010: Alibaba renamedits domestic marketplace to 1688.com. Taobao Marketplace introduced Juhuasuan, a sales and marketing platformfor flash sales. AliExpress was launched to enable exporters in China to reachand directly transact with consumers around the world.
Alibaba Group announcedthat it will earmark 0.3% of its annual revenue to fund efforts designed tospur environmental awareness and conservation in China and around theworld.Alibaba.
com acquired Vendio and Auctiva, providers of e-commercesolutions to U.S. small businesses. The Mobile Taobao App waslaunched.Alibaba.com announced the acquisition of One-Touch, a provider ofone-stop services for exporters in China.2011: Alibaba built a network of warehouses acrossChina, and with the help of partners drove major investment in logisticsdevelopment in the country. US stores like GAP and Ray Ban opened on Taobao mall.
Alipay obtained online payment license in China. Taobao split into threeseparate companies; Taobaomarketplace(C2C), Taobao mall(B2C), eTao(productsearch engine).2012: May 2012 Alibaba Group decided to reverse course and take itspublicly traded Alibaba.com private, delisting it from the Hong Kong stockexchange at close to 13.
50 Hong Kong dollars per share. Alibaba completed an initialrepurchase of shares from Yahoo!2013: In September 2013, the company sought an IPOin the United States after a deal could not be stuck with Hong Kong regulators.The pricing of the IPO initially raised US$21.8 billion, which laterincreased to US$25 billion, making it the largest IPO in history. Alibabalaunched its mobile social networking app, Laiwang.2014: Tmall Global is officially launched as anextension of Tmall to enable international brands to offer products directly toconsumers in China. Alibaba Group completed the full acquisition andintegration of mobile browser company UCWeb. Alibaba Group started offeringmobile virtual network operators (MVNO) services in China under the Ali Telecombrand.
Alibaba Group completed the acquisition of an approximately 60% stake inmovie and television program producer China Vision (currently known as AlibabaPictures Group).Alibaba Group completed its investment in digital mappingcompany Autonavi. Alibaba Group went public on the NewYork Stock Exchange. Taobao Travelbecame independent platform Alitrip, currently known as Fliggy.2015: Alibaba Group officially launched Ding Talk, amobile group-messaging tool tailored to meet the communication needs of SMEs.
AlibabaGroup and Ant Financial Services Group announced setting up a joint venture,named Koubei, to capture opportunities within China’s local services market. AlibabaGroup announced the creation of Alibaba Music Group. Alibaba Cloud issued adata protection pact for its worldwide cloud consumers. Alibaba Group and Suning entered into astrategic alliance to build on synergies in e-commerce, logistics and O2OInitiatives. Alibaba Cloud announced plans to open its internationalheadquarters in Singapore. Alibaba Group launched the AlibabaEntrepreneurs Funds for Hong Kong and Taiwan.
Alibaba Group entered into a definite agreementto acquire the South China Morning Post.2016: Alibaba Group exceeded RMB3 trillion in FY2016gross merchandise volume (GMV) on its China retail marketplaces andsubsequently became the largest retail economy in the world. Alibaba Group enteredinto an agreement to acquire a controlling stake in Lazada, a leadinge-commerce platform in Southeast Asia. Alibaba Group launches the Alibaba GlobalLeadership Academy (AGLA) program, a talent development program dedicated tofostering future Alibaba global leaders. Alibaba Group launched OS’Car, thefirst YunOS-enabled, mass produced internet car, in collaboration with SAICMotor Corp.
The concept of an Electronic World Trade Platform (eWTP) envisionedby Jack Ma was included in the official communiqué of the G20 summit and gainssupport from World Trade Organization Director General Roberto Azevêdo. AlibabaGroup announced the formal establishment of the Alibaba Digital Media Group. Alibaba Cloud announced the opening of four new datacenters in the Middle East (Dubai), Europe (Frankfurt), Australia (Sydney) andJapan (Tokyo).2017: Revenue wasRMB38,579 million (US$5,605 million), an increase of 60% year-over-year.
Annualactive buyers on Alibaba’s China retail marketplaces reached 454 million,an increase of 11 million from the 12-month period ended in December 2016.