Alibaba Team Holding Limited, additionally referred to as Alibaba Group and as Alibaba.com, is a Chinese international innovation business focusing on eCommerce, retail, Net, and innovation. Founded on 28 June 1999 in Hangzhou, Zhejiang, the business offers consumer-to-consumer (C2C), business-to-consumer (B2C), and business-to-business (B2B) sales solutions using internet sites, in addition to digital payment solutions, going shopping internet search engine as well as cloud computing solutions. It possesses and also runs a varied profile of companies around the world in numerous service markets.
On 19 September 2014, Alibaba's initial public offering (IPO) elevated US$ 25 billion, giving the company a market price of US$ 231 billion as well as, without a doubt, then the largest IPO in the globe background. It is just one of the top 10 most beneficial companies, and also is called the 31st-largest public firm worldwide on the Forbes Global 2000 2020 listing. In January 2018, Alibaba ended up being the second Eastern business to break the US$ 500 billion evaluation mark, after its rival Tencent. Since 2020, Alibaba has the sixth-highest worldwide brand name assessment.
Alibaba is just one of the world's largest merchants as well as an e-commerce business. In 2020, it was also ranked as the fifth-largest expert system firm. It is additionally one of the most significant ventures capital companies and among the biggest investment firms in the world. The firm organizes the largest B2B (Alibaba.com), C2C (Taobao), as well as B2C (Tmall) markets in the world. It has actually been broadening right into the media sector, with revenues climbing by three-way percentage factors every year. It likewise established the record on the 2018 edition of China's Singles' Day, the world's biggest online as well as an offline shopping day.