Company Profile is an initiative by ListMyStartUp to publish verified information on different startups and organizations. The content in this post has been approved by Alibaba.
Trust issues are common. People often face challenges with e-commerce companies. But the question is, are the suppliers verified? People usually worry about prices too. But with Alibaba, this is not an issue. Everything available here is at factory prices and all the sellers are verified.
Alibaba Group is a Chinese multinational conglomerate holding company specializing in e-commerce, retail, Internet, and technology. Founded in 1999 by Jack Ma, the company operates in various business segments, including wholesale and retail online marketplaces, such as Taobao and Tmall, as well as online and mobile payment systems, shopping search engines, and cloud computing services.
It is also involved in the production of electronic components, as well as in the research and development of artificial intelligence and other technology. Alibaba is considered one of the largest e-commerce companies in the world and is often compared to Amazon. It is also one of the world's largest venture capital firms and investment corporations. Here is the Alibaba success story.
Company Highlights
- Company Name-Alibaba
- Headquarters-Hangzhou, China
- Founders-Jack Ma, Joseph C. Tsai, Cathy Zhang, Trudy Dai, Peng Lei, Simon Xie, Jin Yuanying, Jianhang Jin, Jane Jiang, Eddie Wu, Ma Changwei, Tony Yiu, Zhou Yuehong, Shi Yufeng, James Sheng, Lou Wensheng, Han Min and Toto Sun
- Founded -4 April 1999
- Valuation-$310.41 Bn (Jan 2023)
- Website-alibaba.com
Alibaba - About
- Alibaba Group Holding Limited is also known as Alibaba Group. This is a Chinese multinational technology company. It is the world's largest e-commerce company. The company has already made a record on the 2018 edition of China's Single's Day.
Alibaba - Founders and Team
- Jack Ma, Joseph C. Tsai, Cathy Zhang, Trudy Dai, Peng Lei, Simon Xie, Jin Yuanying, Jianhang Jin, Jane Jiang, Ma Changwei, Eddie Wu, Toto Sun, Shi Yufeng, Zhou Yuehong, Lou Wensheng, Han Min and Tony Yiu are the founders of the company Alibaba.
- Jack Ma is the founder and also the former executive chairman of Alibaba group. He is a Chinese business magnate, philanthropist, and investor.
- Joseph C. Tsai is also the founder of the Alibaba group. He is a Taiwanese-born Canadian billionaire businessman and philanthropist.
- Cathy Zhang is the founder of the company. She is Jack Ma's wife and is a former Chinese teacher.
- Trudy Dai is a member of the founding team. She did join the company from the beginning itself. Since January 2017 she has been the president of wholesale marketplaces.
- Peng Lei is one of the founders of the company. She is also known as Lucy Peng. She is a Chinese billionaire businesswoman.
- Simon Xie is also a founder of Alibaba group. Before joining Alibaba group he completed his engineering degree from Shenyang University.
- Jin Yuanying is another founder of Alibaba Group and Taobao. She has been responsible for both the companies mentioned above.
- Jianhang Jin joined the Alibaba group in the beginning as a founding member. He has been the President of the company since August 2014.
- Jane Jiang is a founding member of the company. Currently, Jane Jiang is the Deputy CPO of the company.
- Eddie Wu is one of the founders of the company. Eddie Wu is the Senior Vice President. Eddie Wu handles three business units of the company.
- Ma Changwei is also a founder of the company. Ma Changwei is an investor and director at Taobao Product Technology Center.
- Tony Yiu is one of the founders of the company. In the International Business Unit, he was responsible for IDC operation and maintenance.
- Zhou Yuehong is also a founder of the company. He studied at Hangzhou Dianzi University.
- Shi Yufeng is the co-founder of Taobao. He is one of the original founders of the Alibaba group.
- James Sheng is the founder of the company. James Sheng is the senior vice president of the company.
- Lou Wensheng is again one of the original founders of the company. In the beginning, he was responsible for the planning of the official website.
- Han Min is also a founder of the company. He is a former South Korean Minister of Defense.
- Toto Sun is also an original member of the company.
Alibaba - Startup Story
- Jack Ma started the Alibaba group with other 17 original founders. Back in 1999, he started a wholesale online marketplace called Alibaba. The Chinese company blossomed into one of the most valuable corporations in the world. Now the world knows Alibaba. When Alibaba started, in India there was nothing in this sector. The dawn of the 21st century appeared to be lucky for Alibaba. It was growing as well as investing. It benefited from strict internet-controlling policies. The story seems like Alibaba grew into a global e-commerce giant from a small apartment.
Alibaba - Business Model
- The company acts as a middleman between buyers and sellers online. It facilitates the sale of goods. The majority of sellers are small merchants. Alibaba caters to almost all well-known big brands. Customer experience is a big issue for the company. Sellers cannot deliver goods that are sold. The company charges the merchant's a fee to have their listings higher on the search rankings. The company has dominated the shopping space in China but doesn't have a physical store anywhere.
Alibaba - Revenue Model
- Alibaba's revenue is derived from retail e-commerce and associated market services in China. The company collected a revenue of $134.567 billion in 2022, a 22.91% increase from 2021. It charges commissions as a percentage of the transaction value of goods sold. China Wholesale and Other Revenues are expected to be about 12% of the total revenues. Chinese consumption drives wholesale commerce and logistics service revenues.
Alibaba - Tagline, Slogan, and Logo
- The tagline of the first Alibaba job advertisement was If not me, who? It's not a question but a call of duty. The proverb shows a sense of ownership here.
- The Alibaba logo has got two typefaces. It's the face of a satisfied customer. The person inside is smiling.
Alibaba - Growth
- The company has positioned itself as the gateway to Chinese consumers. The company continues to grow. It had over 903 million users in Q1 2022 and the number is growing.
Alibaba - Competitors
- The main competitors of the company are Amazon, Tencent, Huawei, and China Mobile.
- Amazon is a technology company. It focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence.
- Tencent is also a Chinese multinational company. It specializes in Internet-related services and products, artificial intelligence, and technology.
- Huawei is a leading platform that provides information and communications technology.
- China Mobile is a company that provides mobile voice and multimedia services. Through its nationwide mobile telecommunications network across mainland China and Hong Kong.
Alibaba - Future Plans
- The company is aiming towards reaching 2 billion global consumers by fiscal 2036. The company is also looking forward to creating more than 100 million jobs. And also support small and medium businesses.
FAQs
What is Alibaba?
- Alibaba Group is a Chinese multinational conglomerate holding company specializing in e-commerce, retail, Internet, and technology.
Is Alibaba bigger than Amazon?
- Alibaba ranks second with a market cap of over $304.1 billion, whereas Amazon ($1 trillion market cap) ranks first among the leading large-cap e-commerce companies worldwide.
When was Alibaba founded?
- Alibaba was founded in 1999 by 18 people.
What is the Indian version of Alibaba?
- TradeIndia is an Indian version of Alibaba.
Is Alibaba banned in India?
- Yes, the Alibaba marketplace has been banned in India with the ban of Chinese apps in the country.
