Wednesday 20 Sep 2017

Alibaba.com Ownership

Alibaba.com-ownership
Alibaba.com was founded in 1999 in Hangzhou, China, by Jack Ma, a former English teacher. It received initial funding from Softbank of Japan and Yahoo, which until recently owned 40% of the company.

Alibaba.com is a subsidiary of the Alibaba Group, a massive Chinese Internet conglomerate that also owns the websites Taobao, Alipay, and AliExpress. The Alibaba Group is headquartered in Hangzhou, China, and has over 13,000 employees.

Alibaba.com was publically listed on the Hong Kong Stock Exchange until July 2012, when the company decided to de-list and go private. However, the parent company, Alibaba Group, is expected to re-list on the Hong Kong Stock Exchange soon, in one of the biggest Internet IPO’s ever. The market value of the Alibaba Group is currently estimated to be worth around $40 billion.

 

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