Alibaba Group is a family of Internet-based businesses that includes business-to-business international trade, online retail and payment platforms and data-centric cloud computing services. The privately held Alibaba Group reaches Internet users in more than 240 countries and regions.
The group was established by Jack Ma and other 17 co-founders in 1999.
The group's product, Alibaba.com, is the world's largest online business-to-business trading platform for small businesses. Taobao, Alibaba's another flagship product, is the biggest Internet online retail platform in China.
Management team
Jack Ma, founder of Alibaba Group, has been chairman and chief executive officer of the company since its inception in 1999. Before Alibaba, Ma founded one of the first Internet-based companies in China in 1995. Ma also headed an information technology company established by the China International Electronic Commerce Center, a department of the Ministry of Foreign Trade and Economic Cooperation from 1998 to 1999.
Alibaba posts record Q3 profit
Alibaba.com Ltd, China's largest e-commerce company, posted a record net profit for the third-quarter as revenue from value-added services buffered slowing subscriber growth, but warned of easing growth as China's exports cool.
Alibaba builds B2C platform to fend off rivals
Chinese e-commerce giant Alibaba Group Holding plans to invest 200 million yuan ($29.93 million) to build its Taobao Mall brand, a trade platform between businesses and consumers, as part of efforts to fend off competition from rivals.
New service unlikely to impact third-party payment providers
As the new online banking system mostly serves commercial banks, its appeal to ordinary customers would be limited, said industry players and experts.
