Alibaba they raise 5 million USD from a consortium

Alibaba is
world’s largest B2B e-commerce website with net worth of 264.9 Billion USD as
of January 2018. Alibaba Group operates as an online and mobile commerce
company trading in retail as well as wholesale marketplace with advancement in
technological innovations like cloud computing and other services.Its major businesses include Taobao Marketplace, which is
a China’s online shopping destination;, a China’s third-party
platform for brands and retailers;, a global wholesale platform for
small businesses.(alipay and more imp stuff)**

Company Timeline

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1999: Jack Ma started
Alibaba 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 sachs
and fidelity, and other institutions and also organized their first west lake
summit, a gathering of internet businesses and thought leaders this year.

2001: Alibaba group
outlined its mission and corporate values and also incorporated internal
training to promote corporate culture. surpassed 1 million
registered users.

2002: Attainment of
first financial milestone i.e. became profitable.

2003: Taobao was
founded, a consumer e commerce website. Company worked in spite of SARS

2004: Alibaba raised
82$ million from several first tier investors in China. Online payment system
Alipay was launched.

2005: Alibaba formed
a strategic partnership with Yahoo Inc. in August and took over its operations
by October.

2006: Taobao
university program was launched to provide e-commerce training and education to
buyers and sellers. Also made a strategic investment in

2007: got
listed in Hong Kong stock exchange and launched Alisoft and Alimama, an online
advertising exchange company.

2008: Taobao mall a
dedicated B2C platform is introduced to complement Taobao marketplace. is merged with China Yahoo to form
Yahoo Koubei. Alibaba group R institute was established.

2009: Alisoft is
merged with Alibaba group R Institute. Alibaba cloud computing was

2010: Alibaba renamed
its domestic marketplace to Taobao Marketplace introduced Juhuasuan, a sales and marketing platform
for flash sales. AliExpress was launched to enable exporters in China to reach
and directly transact with consumers around the world. Alibaba Group announced
that it will earmark 0.3% of its annual revenue to fund efforts designed to
spur environmental awareness and conservation in China and around the acquired Vendio and Auctiva, providers of e-commerce
solutions to U.S. small businesses. The Mobile Taobao App was announced the acquisition of One-Touch, a provider of
one-stop services for exporters in China.

2011: Alibaba built a network of warehouses across
China, and with the help of partners drove major investment in logistics
development in the country. US stores like GAP and Ray Ban opened on Taobao mall.
Alipay obtained online payment license in China. Taobao split into three
separate companies; Taobaomarketplace(C2C), Taobao mall(B2C), eTao(product
search engine).

2012: May 2012 Alibaba Group decided to reverse course and take its
publicly traded private, delisting it from the Hong Kong stock
exchange at close to 13.50 Hong Kong dollars per share. Alibaba completed an initial
repurchase of shares from Yahoo!

2013: In September 2013, the company sought an IPO
in 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 later
increased to US$25 billion, making it the largest IPO in history. Alibaba
launched its mobile social networking app, Laiwang.

2014: Tmall Global is officially launched as an
extension of Tmall to enable international brands to offer products directly to
consumers in China. Alibaba Group completed the full acquisition and
integration of mobile browser company UCWeb. Alibaba Group started offering
mobile virtual network operators (MVNO) services in China under the Ali Telecom
brand. Alibaba Group completed the acquisition of an approximately 60% stake in
movie and television program producer China Vision (currently known as Alibaba
Pictures Group).Alibaba Group completed its investment in digital mapping
company Autonavi. Alibaba Group went public on the New
York Stock Exchange. Taobao Travel
became independent platform Alitrip, currently known as Fliggy.

2015: Alibaba Group officially launched Ding Talk, a
mobile group-messaging tool tailored to meet the communication needs of SMEs. Alibaba
Group and Ant Financial Services Group announced setting up a joint venture,
named Koubei, to capture opportunities within China’s local services market. Alibaba
Group announced the creation of Alibaba Music Group. Alibaba Cloud issued a
data protection pact for its worldwide cloud consumers. Alibaba Group and Suning entered into a
strategic alliance to build on synergies in e-commerce, logistics and O2O
Initiatives. Alibaba Cloud announced plans to open its international
headquarters in Singapore. Alibaba Group launched the Alibaba
Entrepreneurs Funds for Hong Kong and Taiwan. Alibaba Group entered into a definite agreement
to acquire the South China Morning Post.

2016: Alibaba Group exceeded RMB3 trillion in FY2016
gross merchandise volume (GMV) on its China retail marketplaces and
subsequently became the largest retail economy in the world. Alibaba Group entered
into an agreement to acquire a controlling stake in Lazada, a leading
e-commerce platform in Southeast Asia. Alibaba Group launches the Alibaba Global
Leadership Academy (AGLA) program, a talent development program dedicated to
fostering future Alibaba global leaders. Alibaba Group launched OS’Car, the
first YunOS-enabled, mass produced internet car, in collaboration with SAIC
Motor Corp. The concept of an Electronic World Trade Platform (eWTP) envisioned
by Jack Ma was included in the official communiqué of the G20 summit and gains
support from World Trade Organization Director General Roberto Azevêdo. Alibaba
Group announced the formal establishment of the Alibaba Digital Media &
Entertainment Group. Alibaba Cloud announced the opening of four new data
centers in the Middle East (Dubai), Europe (Frankfurt), Australia (Sydney) and
Japan (Tokyo).

2017: Revenue was
RMB38,579 million (US$5,605 million), an increase of 60% year-over-year. Annual
active buyers on Alibaba’s China retail marketplaces reached 454 million,
an increase of 11 million from the 12-month period ended in December 2016.