Alibaba - A Platform Where Global Trade Starts And Ends

Purbalee Dutta Purbalee Dutta
Apr 19, 2021 7 min read
Alibaba - A Platform Where Global Trade Starts And Ends

The content in this post has been approved by Alibaba.

Trust issues are common. People often face challenges with e-commerce companies. But the question is, are the suppliers verified? People usually worry about prices too. But with Alibaba, this is not an issue. Everything available there is at factory prices and all the sellers are verified.

Alibaba is a Chinese e-commerce platform. It's an Online B2B (Business 2 Business) supplier. It deals with the internet, retail and technology. It's a marketplace with a wide variety of products from verified suppliers. Read all about the Alibaba success story below.

Company Highlights

Company Name Alibaba
Headquarters Hangzhou, China
Founders Jack Ma, Joseph C. Tsai, Cathy Zhang, Trudy Dai, Peng Lei, Simon Xie, Jin Yuanying, Jianhang Jin, Jane Jiang, Eddie Wu, Ma Changwei, Tony Yiu, Zhou Yuehong, Shi Yufeng, James Sheng, Lou Wensheng, Han Min and Toto Sun
Founded 4 April 1999

Alibaba - About
Alibaba - Founders And Team
Alibaba - Startup Story
Alibaba - Business Model
Alibaba - Revenue Model
Alibaba - Tagline, Slogan And Logo
Alibaba - Funding And Investors
Alibaba - Growth
Alibaba - Competitors
Alibaba - Future Plans
Alibaba - FAQs

Alibaba - About

Alibaba Group Holding Limited is also known as Alibaba Group. This is a Chinese multinational technology company. It is the world's largest Β e-commerce company. The company has already made a record on the 2018 edition of China's Single's Day.

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Alibaba - Founders And Team

Jack Ma, Joseph C. Tsai, Cathy Zhang, Trudy Dai, Peng Lei, Simon Xie, Jin Yuanying, Jianhang Jin, Jane Jiang, Ma Changwei, Eddie Wu, Toto Sun, Shi Yufeng, Zhou Yuehong, Lou Wensheng, Han Min and Tony Yiu are the founders of the company Alibaba.

  • Jack Ma is the founder and also the former executive chairman of Alibaba group. He is a Chinese business magnate, philanthropist and investor.
  • Joseph C. Tsai is also the founder of Alibaba group. He is a Taiwanese born Canadian billionaire businessman and philanthropist.
  • Cathy Zhang is the founder of the company. She is also Jack Ma's wife. She is a former Chinese teacher.
  • Trudy Dai is a member of the founding team. She did join the company from the beginning itself. Since January 2017 she has been the president of wholesale marketplaces.
  • Peng Lei is one among the founders of the company. She is also known as Lucy Peng. She is a Chinese billionaire businesswoman.
  • Simon Xie is also a founder of Alibaba group. Before joining Alibaba group he completed his engineering degree from Shenyang University.
  • Jin Yuanying is another founder of Alibaba group and Taobao. She has been responsible for both the companies mentioned above.
  • Jianhang Jin joined Alibaba group from the beginning as a founding member. He has been the President of the company since August 2014.
  • Jane Jiang is a founding member of the company. Currently, Jane Jiang is the Deputy CPO of the company.
  • Eddie Wu is one of the founders of the company. Eddie Wu is the Senior Vice President. Eddie Wu handles three business units of the company.
  • Ma Changwei is also a founder of the company. Ma Changwei is an investor Β and director at Taobao Product Technology Center.
  • Tony Yiu is one of the founders of the company. In the Β International Business Unit, he was responsible for IDC operation and maintenance.
  • Zhou Yuehong is also a founder of the company. He studied at Hangzhou Dianzi University.
  • Shi Yufeng is the co-founder of Taobao. He is one of the original founders of the Alibaba group.
  • James Sheng is the founder of the company. James Sheng is the senior vice president of the company.
  • Lou Wensheng is again one of the original founders of the company. In the beginning, he was responsible for the planning of the official website.
  • Han Min is also a founder of the company. He is a former South Korean Minister of Defense.
  • Toto Sun is also an original member of the company.
Jack Ma, Founder, Alibaba

Alibaba - Startup Story

Jack Ma started the Alibaba group with other 17 original founders. Back in 1999, he started a wholesale online marketplace called Alibaba. The Chinese company blossomed into one of the most valuable corporations in the world. Now the world knows Alibaba. When Alibaba started, in India there was nothing in this sector. The dawn of the 21st-century appeared to be lucky for Alibaba. It was growing as well as investing. It benefited from strict internet controlling policies. The story seems like Alibaba grew into a global e-commerce giant from a small apartment.

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Alibaba - Business Model

The company acts as a middleman between the buyers and sellers online. It facilitates the sale of goods. Majority of sellers are small merchants. Alibaba caters to almost all well know big brands. Customer experience is a big issue for the company. Sellers cannot deliver goods which are already sold. The company charges the merchant's a fee to have their listings higher on the search rankings. The company has dominated the shopping space in China but doesn't have a physical store anywhere.

Alibaba - Revenue Model

The Alibaba revenue is derived from retail e-commerce and associated market services in China. The company collected a revenue of $75 billion that makes 65%. It charges commissions as a percentage of the transaction value of goods sold. China Wholesale and Other Revenues are expected to be about 12% of the total revenues. Chinese consumption drives wholesale commerce and logistics service revenues.

The tagline of the first Alibaba's job advertisement was If not me, who? It's not a question but a call of duty. The proverb shows a sense of ownership here.

The Alibaba logo has got two typefaces. It's the face of a satisfied customer. The person inside is smiling.

Alibaba Logo

Alibaba - Funding And Investors

The company had raised an amount of $8.9 Billion over 17 funding rounds.

Date Transaction Name Money Raised Lead Investors
June 2, 2016 Post-IPO Equity $1 Billion -
March 10, 2016 Post-IPO Debt $3 Billion -
August 1, 2014 Venture Round - -
April 1, 2014 Secondary Market $100 Million -
October 9, 2013 Secondary Market - -
October 1, 2013 Secondary Market - -
March 4, 2013 Secondary Market - -
September 1, 2012 Private Equity Round $2 Billion China Investment Corporation
September 22, 2011 Private Equity Round $1.6 Billion DST Global, Silver Lake
September 13, 2011 Secondary Market - -

Alibaba is funded by 32 investors. Temasek Holdings are the recent investors. Β 

Alibaba - Growth

The company has positioned itself as the gateway to Chinese consumers. The company continues to grow. In March, there were 721 million users. In June there was an increase of 22 million users. And it grew to 104 million at the end of 2018. There was a sharp rise of 19% even in the valuing of total goods sold.

Alibaba - Competitors

The main competitors of the company are Amazon, Tencent, Huawei and China Mobile.

  • Amazon is a technology company. It focuses on e-commerce, cloud computing, digital streaming and artificial intelligence.
  • Tencent is also a Chinese multinational company. It specializes in Internet-related services and products, artificial intelligence and technology.
  • HuaWei is a leading platform that provides information and communications technology.
  • China Mobile is a company. It provides mobile voice and multimedia services. Through its nationwide mobile telecommunications network across mainland China and Hong Kong.

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Alibaba - Future Plans

The company is aiming towards reaching 2 billion global consumers by fiscal 2036. The company is also looking forward to create more than 100 million jobs. And also support small and medium businesses.

Alibaba - FAQs

What is Indian version of Alibaba?

TradeIndia is an Indian version of Alibaba.

Is Alibaba banned in India?

The Alibaba marketplace has not been banned in India as of yet.

When was Alibaba founded?

Alibaba was founded in 1999 by 17 people.

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