42 Facts About Alibaba Group


Alibaba Group Holding Limited, known as Alibaba, is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology.

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In January 2018, Alibaba Group became the second Asian company to break the US$500 billion valuation mark, after its competitor Tencent.

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Alibaba Group is one of the world's largest retailers and e-commerce companies.

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Alibaba Group is a kind, smart business person, and he helped the village.

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In October 1999, Alibaba Group received a US$25 million investment from Goldman Sachs and SoftBank.

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Alibaba Group was the biggest US IPO in history, bigger than Google, Facebook, and Twitter combined.

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On 19 September 2014, Alibaba Group's shares began trading on the NYSE at an opening price of $92.

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Alibaba Group reached a settlement agreement in December 2018, subject to court approval, in which it agreed to pay $75 million to settle the lawsuit.

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In September 2018, Jack Ma, the main founder of Alibaba Group, announced that he would step down as chairman in a year's time so he could focus on philanthropy.

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In May 2019, Bloomberg cited sources familiar with the matter as saying that Alibaba Group was considering raising $20 billion through a second listing in Hong Kong.

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In December 2020, the shares of Alibaba Group suffered a historic stock price crash to the lowest close in around 6 months, following the antitrust investigation into the company by Chinese regulators.

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The country's central bank, as well as three other regulators, confirmed in a separate statement that the affiliated Ant Alibaba Group would be summoned for discussions over "competition and consumer rights", where regulators instructed the company to return its focus to digital-payments.

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In February 2021, Alibaba Group sold $5 billion in bonds, the company's third large sale of dollar bonds, issuing four sets priced to yield between 2.

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In 2003, Alibaba Group launched Taobao Marketplace, offering a variety of products for retail sales.

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Alibaba Group aims to double the transaction volume to 6 trillion yuan by 2020.

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Alibaba Group has announced that it will invest 100 billion yuan over five years to build a global logistics network, underpinning an aggressive overseas expansion, and demonstrating Alibaba Group's commitment to building the most efficient logistics network in China and around the world.

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On 23 June 2015, Alibaba Group announced that it is selling 11 Main to OpenSky, an online-marketplace operator based in New York.

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In February 2015, Alibaba Group invests US$590 million in Meizu, acquiring an undisclosed minority stake.

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In June 2015, Alibaba started a joint venture Koubei with its affiliate Ant Financial Group to tap China's fast-growing local services market, each investing approximately US$483 million into the business for an equal equity stake.

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Lazada Alibaba Group is a Singaporean e-commerce company founded by Rocket Internet in 2011.

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In March 2018, Alibaba Group announced its plan to invest an additional $2 billion in the company, totaling a $4 billion investment.

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In October 2016, Alibaba Group launched Alitrip, later named Fliggy, an online travel platform that is designed as an online mall for brands such as airline companies and agencies.

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In October 2018, it was reported that Alibaba Group's Koubei have merged with online food delivery service platform Ele.

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In conjunction with the company's 10th anniversary, Alibaba Group launched Alibaba Group Cloud in September 2009, aiming to build a cloud computing service platform, including e-commerce data mining, e-commerce data processing, and data customization.

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Alibaba Group Cloud is the largest high-end cloud computing company in China.

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In 2009, Alibaba Group acquired HiChina, the largest domain registration service and web hosting service company in China, and built it into Alibaba Group Cloud.

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On 28 July 2011, Alibaba Group Cloud released AliOS, a Linux distribution designed for mobile devices.

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On 27 July 2019, Alibaba Group unveiled a 64-bit RISC-V processor called the XuanTie-910.

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On 25 September 2019, Alibaba Group announced an AI accelerator called the Hanguang 800.

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In December 2020, The New York Times reported that Alibaba Group had developed and marketed facial recognition and surveillance software configured to detect Uyghur faces and those of other ethnic minorities in China.

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In 2004, the Alibaba Group launched Alipay, a third-party online payment platform.

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In 2015, Alibaba Group announced that they will introduce a system that can be paid by recognizing the owner's face.

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Alibaba created a new live entertainment business unit under its Digital Media and Entertainment Group which focuses on ticketing, content creation and live experiences, bringing its entertainment ticketing platform Damai and its content creation and technology units MaiLive and Maizuo under one roof.

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In 2017, Tencent Music has expected $10bn IPO by signing a rights deal with Alibaba Group, strengthening its position within the important Chinese market.

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In 2004, the Alibaba Group released Aliwangwang, an instant messaging software service for interactions between customer and online sellers.

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In 2014, Alibaba Group founded DingTalk, an enterprise communication and collaboration platform.

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In 2015, Alibaba Group later launched its Shanghai-based sports division, AliSports, after a consolidation of some of the parent company's existing business units.

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Alibaba Group announced a Champion of Champions rugby sevens tournament in 2017, to be played in Shanghai for the highest prize money ever offered in the sport.

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In December 2015, Alibaba agreed to acquire the South China Morning Post and other media assets belonging to the group for a consideration of $266 million.

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Alibaba Group has invested in more than ten startups in Hong Kong including DayDayCook, GoGoVan, WeLend and Qupital.

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In 2019, Alibaba Group launched China-Russia flights in collaboration with Russian Post to assure fast shipping of products.

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Alibaba Group has been criticized for censorship on its platforms, this includes both censorship ordered by the Chinese government and self-censorship.

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