Alibaba is a joint-stock company and belongs to the category of private enterprises.

Alibaba is the largest Internet company in China and the second largest Internet company in the world. It was founded by Jack Ma in 1999 as an online business-to-business trading market platform. It was founded in Hangzhou, Zhejiang in 1999 by 18 people, led by Jack Ma, who used to be an English teacher.

Expansion

Alibaba Group operates multiple businesses and also obtains support in operating a business ecosystem from the businesses and services of its affiliated companies. The businesses and businesses of its affiliated companies include: Taobao, Tmall, Juhuasuan, AliExpress, Alibaba International Trading Market, 1688, Alimama, Alibaba Cloud, Ant Financial, Cainiao Network, etc.

On September 19, 2014, Alibaba Group was officially listed on the New York Stock Exchange with the stock code "BABA". The founder and chairman of the board is Jack Ma.

In August 2016, Alibaba Group ranked 148th in the "2016 Top 500 Chinese Enterprises".

On January 19, 2017, the International Olympic Committee and Alibaba Group jointly announced in Davos, Switzerland that the two sides have reached a long-term cooperation until 2028. Alibaba will join the Olympic Partner (TOP) sponsorship program and become the official partner of "cloud services" and "e-commerce platform services", as well as the founding partner of the Olympic Channel.