Alibaba Group

Print Updated: 2019-06-24

Alibaba Group was founded in 1999 by 18 people led by Jack Ma, a former English teacher from Hangzhou, China. It operates various businesses and also derives support for the group's ecosystem from the businesses and services of related and affiliated companies. In addition, Ant Financial, with a 33% equity stake, provides payment and financial services to consumers and merchants. An ecosystem has developed around Alibaba and Ant Financial’s platforms and businesses consisting of consumers, merchants, brands, retailers, other businesses, third-party service providers and strategic alliance partners.

Alibaba’s major businesses and the businesses of related companies include: Taobao Marketplace, TMALL, Aliexpress, Alibaba.com, 1688.com, Alimama, Alibaba Cloud, Cainiao Network and Ant Financial. Today the company and its related companies operate leading wholesale and retail online marketplaces as well as businesses in cloud computing, digital media and entertainment, innovation initiatives and other areas.

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