alibaba group
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Alibaba is the most popular destination for online shopping, in the world's fastest growing e-commerce market. Transactions on its online sites totaled $248 billion last year, more than those of eBay and Amazon.com combined. Alibaba became one of the most valuable tech companies in the world after raising an initial $21.8 billion from its U.S. IPO. It is also one of the most valuable Chinese public companies, ranking among some of the country’s state-owned enterprises.TRANSCRIPT
ALIBABA GROUP
Defining Alibaba
• Alibaba is China’s and by some measures, the world’s biggest online commerce company.
• Its three main sites — Taobao, Tmall and Alibaba.com have hundreds of millions of users, and host millions of merchants and businesses.
• Alibaba handles more business than any other e-commerce company.
E- COMMERCE
• Alibaba is the most popular destination for online shopping, in the world's fastest growing e-commerce market.
• Transactions on its online sites totaled $248 billion last year, more than those of eBay and Amazon.com combined.
• Alibaba became one of the most valuable tech companies in the world after raising an initial $21.8 billion from its U.S. IPO.
• It is also one of the most valuable Chinese public companies, ranking among some of the country’s state-owned enterprises.
• “Most companies, when they're doing good, they enjoy today's wonderful life. They don't worry about five years later but I worry about five years later.”- Jack ma
• Alibaba founder Jack Ma is the company’s spiritual leader.
• When Alibaba needs a new innovation, it goes back to his old apartment for inspiration.
• Mr. Ma stepped down as CEO, but Alibaba’s corporate structure will let him and his co-founders keep control after the IPO.
The Man Behind Alibaba
Who Owns Alibaba Now?
Alibaba weighs up its share price as world's biggest IPO looms
• Mr. Ma’s roughly 9% stake of Alibaba already makes him one of China’s wealthiest men, with a net worth of more than $10 billion. A strong IPO would send that figure higher.
• Alibaba is nearly unknown to most Americans but is ubiquitous in China.
• The company had $8.5 billion in sales in its latest fiscal year ending in March, with net income of $3.8 billion.
• The stock opened at $92.70 shortly before noon ET (1600 GMT) and quickly rose to a high of $99.70, before paring gains to close at $93.89.
• Alibaba Group Holding Ltd's shares soared 38 percent in their first day of trading on Friday as investors jumped at the chance for a piece of what is likely to rank as the largest IPO in history
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