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Alibaba

时间:2017/5/13 14:00:32 作者:learnmorechina 来源: 查看:48 评论:0
What is Alibaba? Why Chinese like Alibaba? Who start Alibaba? Lean More China now shares some details for Alibaba. Welcome to share your idea for Alibaba.

Alibaba Group Holding Limited (Chinese: 阿里巴巴集团控股有限公司) is a Chinese e-commerce company that provides consumer-to-consumer, business-to-consumer and business-to-business sales services via web portals. It also provides electronic payment services, a shopping search engine and data-centric cloud computing services. 
Alibaba
The group began in 1999 when Jack Ma founded the website Alibaba.com, a business-to-business portal to connect Chinese manufacturers with overseas buyers. In 2012, two of Alibaba's portals handled 1.1 trillion yuan ($170 billion) in sales.Suppliers from other countries are supported (with more stringent checks than for Chinese companies), but the company primarily operates in the People's Republic of China (PRC). At closing time on the date of its initial public offering (IPO), 19 September 2014, Alibaba's market value was US$231 billion.

However, the stock has traded down and market cap was about $212 billion at the end of December 2015.

It is the world's largest retailer as of April 2016 surpassing Walmart,with operations in over 200 countries, as well as one of the largest Internet companies.

Alibaba has been the most dominant retailer in the world, generating more gross merchandise volume (GMV) than Amazon.com and eBay combined. Its online sales & profits surpassed all US retailers (including Walmart, Amazon and eBay) combined in 2015. It has been expanding into media and entertainment industry, with revenues rising 3-digit percents year on year.

In September 2013, the company sought an IPO in the United States after a deal could not be reached with Hong Kong regulators.Planning occurred over 12 months before the company's market debut in September 2014, with Reuters Instrument Code "BABA.N". 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.Buyers were actually purchasing shares in a Cayman Islands shell corporation, not in the Alibaba group, as China forbids foreign ownership of its companies.

Alibaba's consumer-to-consumer portal Taobao, similar to eBay.com, features nearly a billion products and is one of the 20 most-visited websites globally. The Group's websites accounted for over 60% of the parcels delivered in China by March 2013, and 80% of the nation's online sales by September 2014. Alipay, an online payment escrow service, accounts for roughly half of all online payment transactions within China.

As of February 2017, the company has been engaging and dealing with counterfeit issues and accused agencies for filing fake counterfeit claims.

In May 2017, Alibaba's market capitalization grows to USD$305 billion, after Tencent achieved the feat.

Website: https://www.alibaba.com

Alibaba now maninly in English, and there is Chinese Alibaba is https://www.1688.com/.

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