Round 1: In October 1999, Alibaba raised $5 million, with major investors including Goldman Sachs and Singapore TDF.

Round 2: In 2000, Alibaba raised $25 million, with major investors including Softbank, Singapore TDF, Fidelity, Asia-Pacific Fund, and Sweden AB.

Round 3: In February 2004, Alibaba raised $82 million, with major investors including Softbank and Singapore TDF.

Round 4: In August 2005, Alibaba raised $1 billion, with Yahoo exchanging 39% of Alibaba Group’s common stock and obtaining 35% of the voting rights.

Round 5: In November 2007, Alibaba was listed on the Hong Kong Stock Exchange, raising $1.5 billion.

Sixth round of financing: In September 2011, Alibaba raised $2 billion, with major investors including Silver Lake of the United States, DST of Russia, Temasek of Singapore, and Yunfeng Fund of China.

Seventh round of financing: In August 2012, Alibaba raised $4.3 billion, with major investors including China Investment Corporation, CITIC Capital, Boyu Capital, China Development Bank Financial, Silver Lake of the United States, DST of Russia, and Temasek.

Eighth round of financing: In September 2014, Alibaba went public in the United States, raising $22 billion.