Alibaba Group Holding Limited, also known as Alibaba, is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology.
Founded on 28 June 1999 in Hangzhou, Zhejiang, Alibaba's initial public offering (IPO) on New York Stock Exchange raised US$25 billion in 2014, giving the company a market value of US$231 billion and, by far, then the largest IPO in world history.
Alibaba group holding ltd. Engages in providing online and mobile marketplaces in retail and wholesale trade. It operates through the following business segments: core commerce; cloud computing; digital media and entertainment; and innovation initiatives and others. The core commerce segment comprises of platforms operating in retail and wholesale. The cloud computing segment consists of alibaba cloud, which offers elastic computing, database, storage and content delivery network, large scale computing, security, management and application, big data analytics, a machine learning platform, and other services provide for enterprises of different sizes across various industries. The digital media and entertainment segment relates to the youko tudou and uc browser business. The innovation initiatives and others segment include businesses such as autonavi, dingtalk, tmall genie, and others.
Alibaba is one of the world's largest retailers and e-commerce companies. In 2020, it was also rated as the fifth-largest artificial intelligence company. It is also one of the biggest venture capital firms and investment corporations in the world, as well as the second largest financial services group behind Visa via its fintech arm Ant Group. The company hosts the largest B2B (Alibaba.com), C2C (Taobao), and B2C (Tmall) marketplaces in the world. It has been expanding into the media industry, with revenues rising by triple percentage points year after year. It also set the record on the 2018 edition of China's Singles' Day, the world's biggest online and offline shopping day.
According to Wikipedia