Company Profile Of Alibaba Company Essay

1802 Words Nov 24th, 2015 null Page
Company Profile
Alibaba is an e-commerce giant, the largest in world to be exact, with 80% of China’s marketplace and available internationally, making this company one of the top most valuable tech companies in the world, ahead of big names like Facebook, IBM, and Samsung (Profile). In April 4, 1999, Ma Yu, also known as Jack Ma, founded Alibaba, with a vision to serve a non-existed market at that time in China, Alibaba was created to help facilitate the connection between merchants and customers, furthermore, Mr. Ma inspired millions of people to open their own business and grow China’s economy. Alibaba group has three main sites: Taobao, Tmall, and Alibaba.com, which combined have hundred of millions of users and merchants, creating transactions of billions of dollars, surpassing Amazon and eBay combined. The company developed a payment system to use in transactions between customers and merchants, called Alipay. Alipay works an intermediary that holds the payments transactions between the parties; in addition, it helps as a security measure and ensures trust. In 2014, Alibaba launched their IPO at the NYSE using BABA as their symbol, claiming not just the largest US-IPO but also the largest in the world, with an evaluation at $25 billion (IPO).

Founder Profile Jack Ma was born in October 15, 1964 in Hangzhou, southeast of China. China was going through a cultural revolution on that year and it was cut off from the west. Mr. Ma came from a poor family that had no…

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