| Alibaba |
|Formation||28 June 1999|
|Headquarters||Hangzhou, Zhejiang, China, Cayman Islands|
|Member of||WEF/Strategic Partners|
|Biggest Asian Technology company|
Alibaba is a Chinese multinational technology company. Similar to Amazon, it has its hand in all aspects of IT - but in Asia.
|What is Alibaba? A question at least one being asked by those who live outside China. Alibaba Ecosystem is one of the biggest conglomerates in China. The founder of Alibaba Jack Ma founded Alibaba with 20 others in china. Alibaba e commerce has the biggest market share in China. In this video, we'll take a look at what is Alibaba Ecosystem is and how Alibaba works? - ImageTranslate|
Alibaba was founded by Jack Ma, a ambitious Chinese self-made millionaire. The name comes the Middle Eastern folk-tale collection One Thousand and One Nights.
In 1999, The Wallenberg Family gave Jack Ma - operating the site from his apartment in Hangzhou 25 million US Dollars though their firm Investor AB. After Goldman Sachs and Softbank also invested in Ma's company, Alibaba became profitable 3 years after launch.
Alibaba has become somewhat of a financial octopus, with shares and companies in every industry. It has become the biggest venture capital firm and investment corporation in Asia and Europe, as well as the second largest financial services group behind Visa.
Whether with foreknowledge or as result of investing right during the COVID-19 is unclear, in 2020, it became the fifth-largest artificial intelligence company.
- ↑ https://web.archive.org/web/20171123051034/https://blogs.wsj.com/digits/2014/05/06/alibabas-ipo-filing-everything-you-need-to-know/
- ↑ It is also one of the biggest venture capital firm and investment corporation in the world, as well as the second largest financial services group behind Visa via its fintech arm Ant Group
- ↑ https://web.archive.org/web/20190330205505/https://www.investopedia.com/insights/10-companies-owned-alibaba/
- ↑ https://web.archive.org/web/20200930022322/https://www.datamation.com/artificial-intelligence/top-artificial-intelligence-companies.html