Summary
Alibaba is the world’s biggest e-commerce group. Founded by Jack Ma, it owns Tmall.com and its consumer-to-consumer business Taobao.com. Alibaba Group is the owner of the South China Morning Post....more
Explainers
Background
What is Alibaba?
What You Need To Know
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Background
Ant Group
Singles' Day
Stock Market
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In Numbers
Year Alibaba was founded
1999
At 35, Jack Ma was able to convince 17 friends to invest US$50 thousand each. Months later they raised US$ 5 million.
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Singles' Day sales 2020
US$76 billion
The 11-day gala in 2020 generated US$75.8 billion of gross sales, breaking 2019's record by 26 per cent
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Alibaba's IPO price
US$93
Alibaba’s Wall Street debut in 2014 was the world’s biggest ever IPO. It made Jack Ma China’s richest man.
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