Alibaba Group | Company Overview & News (2024)

FAQs

What is the overview of Alibaba? ›

Founded on 28 June 1999 in Hangzhou, Zhejiang, the company provides consumer-to-consumer (C2C), business-to-consumer (B2C), and business-to-business (B2B) sales services via Chinese and global marketplaces, as well as local consumer, digital media and entertainment, logistics and cloud computing services.

Based on analyst ratings, Alibaba's 12-month average price target is $103.70. Alibaba has 40.40% upside potential, based on the analysts' average price target. Alibaba has a consensus rating of Strong Buy which is based on 14 buy ratings, 3 hold ratings and 0 sell ratings.

Founded in 1999 by Jack Ma, Alibaba Group refers to the parent company of Alibaba.com. Headquartered in Hangzhou, Zhejiang province, China, it comprises many well-known companies, such as AliExpress, Alipay, Alibaba Cloud, Taobao, Tmall, and of course, Alibaba.com.

Alibaba revealed quite a bit of state ownership, with more than 12 of its business units having either direct or indirect Chinese government ownership involved.

Chinese e-commerce firm Alibaba has fired a woman who said a colleague and a client had sexually assaulted her. The dismissal letter said she had spread falsehoods that had damaged the company's reputation.

Alibaba Group Holding Ltd: Overview

The company provides fundamental technology infrastructure services to merchants, brands, retailers and businesses to market, sell and operate using Internet.

Since then, Alibaba has endured the blocking of the initial public offering (IPO) of financial arm Ant Group, a multibillion-dollar fine, and forced divestitures. It's also struggled with broader weakness in the Chinese economy and intensifying price competition from the likes of PDD Holdings' Pinduoduo.

Is Alibaba bigger than Amazon? If we consider each marketplace's retail market share in their home countries, then yes, Alibaba is bigger. For example, while Amazon's retail share in the US market is nearly 50%, Alibaba's share reaches 80%.

Is Alibaba legit? Alibaba has been around for a long time. It's a publicly traded company listed on the New York Stock Exchange. Its marketplace has a good reputation in the global ecommerce industry, and based on user reviews, a majority of suppliers on Alibaba are reputable and trustworthy.

JD.com is one of Alibaba's primary domestic competitors in the ecommerce space. Alibaba also faces smaller national competitors and local upstarts across the Chinese landscape, including the Chinese ecommerce site Pinduoduo.

What are some challenges that Alibaba is currently facing? ›

Jack Ma (born September 10, 1964, Hangzhou, Zhejiang province, China) is a Chinese entrepreneur who was head of the Alibaba Group, which comprised several of China's most popular Web sites, including the business-to-business marketplace Alibaba.com and the shopping site Taobao.com.

Jack Ma and Joe Tsai, the co-founders of Alibaba Group Holding, have emerged as the two largest shareholders of the e-commerce giant they founded in 1999, by aggressively scooping up its tumbling shares in New York and Hong Kong.

It is the most significant reorganization in the Chinese e-commerce giant's history. Alibaba said in a statement that the move is “designed to unlock shareholder value and foster market competitiveness.” Alibaba's shares popped and closed more than 14% in higher in the U.S.

Alibaba (BABA) Ownership Overview

The ownership structure of Alibaba (BABA) stock is a mix of institutional, retail and individual investors. Approximately 10.36% of the company's stock is owned by Institutional Investors, 0.00% is owned by Insiders and 89.64% is owned by Public Companies and Individual Investors.

Alibaba.com operates as a platform connecting buyers with suppliers globally, including those based in China. It offers a wide range of products at different price points, catering to diverse buyer needs. Prices on Alibaba.com can vary based on factors like supplier location, production costs, and order quantities.

Alibaba and AliExpress are both online marketplaces of third-party sellers. The difference between Alibaba and AliExpress is that Alibaba is primarily for business-to-business transactions, while AliExpress is designed for consumers.

Our mission is “to make it easy to do business anywhere.” Our founders started our company to champion small businesses, in the belief that the Internet would level the playing field by enabling small enterprises to leverage innovation and technology to grow and compete more effectively in domestic and global economies ...

Ali Baba is an Indian fantasy television series based on the Arabian Nights character Ali Baba. The series follows the life of an orphan Alibaba, from the Mamuli Gali of Kabul, and the challenges he faces while he tries to protect and take care of five other orphan children.