Alibaba (online shopping website). what is Alibaba!
Alibaba (online shopping website).facts of Alibaba. what is Alibaba!
what is Alibaba ?
Alibaba is a holding company that is mainly focused on ecommerce, buying, and selling. But it has 5 other subsidiaries and investments that it specializes in. Alibaba is an Amazon like company with a huge marketplace where consumers can purchase merchandise online. So they essentially compete with Amazon on buying, selling, and commerce.
Alibaba has created its own ecosystem with content, ads, payment system and online shopping portal and also it holds minority investments in several internet companies outside of China that is driving its growth. They offer products like Hangouts, cloud hosting, Amazon, Didi, Auto sector, Mobile Sourcing etc… .
More from this company!
- Alipay
Alipay is a mobile payment company that focuses on Chinese mainland with instant credit transactions to low income clients. Alipay is owned by Alibaba and serves as their wallet.
- AliCloud
With Alipay being the online payments subsidiary and having competitors, Alibaba also launched their own cloud service called AliCloud. It is one of the fastest growing companies in the world and has 10,000 employees all over the world.
- Alipay & Ant Financial
In 2015 Alibaba formed a partnership with Alibaba’s affiliate Ant Financial. In 2016 Alibaba bought a 60% stake in Ant Financial for $9 billion and I believe this will prove to be a great investment in the future.
Some Alibaba facts !
The company has over 300,000 employees, many of whom are researchers, and more than 200 research teams.
Alibaba operates 16 delivery centers worldwide, and there are additional facilities in Brazil and Russia.
While the main office in Hangzhou is a 32-story high-rise, Alibaba also has offices in Hong Kong, Germany, New York, Japan, Singapore, London, Madrid, Mexico City, Paris, São Paulo, and Toronto.
The company's headquarters in Hangzhou has almost 100 floors, three of which are high-rises.
Since 2011, Alibaba Group has used a large site in downtown Hangzhou, located near the Tongmenghui State Cultural Center, where its offices, media center and technology innovation center are located.
The project includes a business park, an exhibition center, an underwater theme park, a large marina, and a public garden.
There are some features of Alibaba headquarters that have been reported on by the media.
In 2011, the company finished work on a circular building which was intended to be the center of a three-mile circular metropolis, planned for the Qiantang River.
The circular building consists of a four-storey central structure with four angular outposts, each of which is connected to another structure by a bridge.
The building houses an exhibition area, executive offices, retail, restaurants and outdoor spaces.
The Tiantan Park is located next to Alibaba's headquarters, and the 5.2 km park, which is designed with a jogging path, an artificial lake, and athletic facilities, features two large sculptures of the "Four Spirits", mythical beasts that each represent one of Alibaba's core values.
Both sculptures are tall, with the spirits inside the structures.
In 2014, Alibaba released the largest organ in the world, which is located in the research and development center of Alibaba.
In November 2013, Alibaba hosted the "Singles' Day" shopping festival in partnership with China UnionPay.
The annual shopping event was created in 2009 and was created by Taobao.
During the event, consumers purchase items through the Taobao e-commerce website and a range of other payment services, with the proceeds from the transactions being collected and shared among participating merchants.
In 2014, Alibaba acquired Lazada Group, a Southeast Asian e-commerce firm, in a deal that valued the company at $1.6 billion.
Taobao Mall is Alibaba's marketplace, which combines the business of Taobao with Taobao Marketplace, which is aimed towards individual users.
In 2015, the company launched a transaction system, Taobao Instant Payment, which allows users to send money to other users via WeChat.
This service has proven very popular, leading to a total of 25.0 billion yuan in payments being made via the instant payment system during the first year of the service.
China's largest grocery retailer, Sun Art Retail Group, made a deal in 2015 to be the first company to accept Taobao Instant Payment.
One of the largest consumer goods e-commerce services in China is Tmall, Alibaba's second-largest market.
The retail system consists of a portal, mobile applications, online stores, and automated product quality assurance centers.
Products are priced and available for sale based on items selected by a user.
In 2017, it had 20 million active daily sellers.
As of 2018, Alibaba Group had its first self-owned private airliner, the HNA Group Nearing.
Also in 2018, Alibaba Group obtained a controlling stake in Chinese investment firm Ant Financial Services Group.
Alibaba Group also holds a 60% stake in Chinese film production company Beijing Enlight Pictures, and has a controlling share in the sports service Lazada, whose parent company owns the tennis team Real Madrid C.F.
Alibaba owns the New York-listed American food chain Ele.me.
Alibaba is also the parent company of Lufax, a financial services provider.
who are some big buyers of Alibaba?
As a prime supporter of ecommerce in China and as a major Chinese business investor
in the U.S. (see my blog post)I’ve had the opportunity to hear the President of Alibaba on
more than one occasion. You might remember that he visited @IAmJP’s Twitter Headquarters
last year (on Sunday). I highly recommend you take a look at Alibaba’s statement about how
people from every walk of life, in every province and city, can reach the growing middle class
of China:President Jack Ma — Jack Ma (@jackma_official) June 11, 2015.
Other prominent investors in the Alibaba deal include Yahoo, Singaporean sovereign wealth
fund Temasek Holdings and U.S. hedge fund Tiger Global Management.
The announcement comes on the heels of a successful round of fundraising in April
that pulled in $15.7 billion from investors including the SoftBank Group, Yahoo, and Microsoft.
Jack Ma is currently worth $6.4 billion, according to Forbes, but his
company’s valuation soared to about $168 billion .
question's answer of my one of viewer 1
Alibaba help smaller companies to reach out to the world. From seller stand point, they helped local
farmers to reach out to the whole of china.
No matter how remoted, they can sell their goods with just a mobile data connection.
From buyer standpoint, Alibaba open a doorway for you to source without having to
be in China physically. They even make sure transaction is reliable and trust worthy.
Just my personal view. What are you exactly looking for? Or you want to source anything?
to get your answer do comment of your question
to visit alibaba click:- https://www.alibaba.com/
0 Comments