Hangzhou, Zhejiang Province

Alibaba Group Holding Co., Ltd.

Company

Alibaba Group Holding Co., Ltd. (hereinafter referred to as Alibaba Group), with total revenue of RMB 853.062 billion in fiscal year 2022,[217] was founded in Hangzhou, Zhejiang Province in 1999 by 18 people, led by Jack Ma, who was once an English teacher.

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

On September 19, 2014, Alibaba Group was officially listed on the New York Stock Exchange, creating the largest IPO record in history, with the stock code "BABA" and its founder is Jack Ma.

On November 26, 2019, Alibaba was listed on the Hong Kong Stock Exchange with a total market value of over 4 trillion yuan, topping the Hong Kong Stock Exchange and becoming the "new king" of Hong Kong stocks.

On September 1, 2019, the 2019 China Top 500 Service Enterprises List was released in Jinan, with Alibaba Group Holding Limited ranked 24th. On September 6, Alibaba Group announced a full acquisition of NetEase Kaola for US$2 billion and led a US$700 million financing of NetEase Cloud Music. [7] In October, it ranked 10th on the 2019 Forbes Global Digital Economy 100 List. [8] On November 16, Hurun Research Institute released the "2019 Hurun Global Unicorn Active Investment Institutions Top 100 List", with Alibaba ranked 7th.

In December, Alibaba Group was selected as one of the 100 Model Brands of the 2019 China Brand Power Festival. [11] On January 11, 2020, Alibaba announced that it would become the exclusive e-commerce partner of the Year of the Rat Spring Festival Gala and provide e-commerce subsidies. [12]

On April 10, 2021, the State Administration for Market Regulation made an administrative penalty decision in accordance with the law, requiring Alibaba Group Holding Limited to stop its illegal activities and imposing a fine of 4% of its 2019 sales in China of RMB 455.712 billion, totaling RMB 18.228 billion[197].