Alibaba Group is a Chinese multinational conglomerate specializing in e-commerce, retail, cloud computing, digital media and entertainment, Internet, AI and technology. Founded April, 1999, the company provides sale services via web portals, as well as electronic payment services, shopping search engines, and cloud computing services. Alibaba has agreed to acquire a 33% equity stake in Ant Financial, a company that provides payment and financial services to consumers and merchants on our platforms. It was founded by 18 founders, with the most notable one being Jack Ma.
In 1999 - Alibaba Founded
Alibaba was founded in 1999 by Jack Ma and a team of 18. They began operating out of Jack Ma's apartment in Hangzhou. They established Alibaba.com, an English language global marketplace.
In 2000 - Alibaba Raises $20 million from SoftBank
Alibaba raised $20 million from Softbank, as Jack Ma signed the agreement with SoftBank CEO Masayoshi Son
In December, 2001 - Alibaba outlines core values and surpasses 1 million users
Alibaba Group clearly outlined its mission and corporate values, led by founder Jack Ma. The company also surpassed 1 million users in December of 2001.
In May, 2003 - Taobao is founded
Domestic online shopping marketplace Taobao is founded, while the company is still being run out of Jack Ma's apartment in Hangzhou.
In 2004 - Alipay is founded, Alibaba raises record private equity investment
Alibaba introduced its online payment platform, Alipay. The company also raised $82 million from a group of top tier investors, representing the largest ever commitment from private equity to a Chinese internet company.
In 2005 - Alibaba signs strategic partnership with Yahoo!
In addition to signing a strategic partnership with Yahoo!, Alibaba assumes control of China Yahoo!'s operations.
In 2006 - Taobao University Launched
The Taobao University program is launched, providing e-commerce training and education to both buyers and sellers.
In 2007 - Alibaba completes IPO on the Hong Kong Stock Exchange
Alibaba raised $1.5 billion through its Hong Kong IPO.
In 2008 - Tmall is launched, Alibaba R&D Institute founded
TMall is launched as a complement to Taobao featuring third-party retailers. Alibaba's R&D Institute is officially founded.
In 2009 - Alibaba 10th anniversary, Alibaba Cloud
Alibaba celebrates its 10th anniversary by establishing Alibaba Cloud. The company also acquired HiChina, China's leading Internet infrastructure service provider.
In 2010 - Taobao Mobile App Launched, AliExpress
Alibaba launched the Taobao app for mobile, making e-commerce even more convenient. They also established AliExpress, enabling exporters in China to directly transact with consumers around the world.
In 2011 - Alibaba Foundation Established
Alibaba establishes the Alibaba Foundation which is a sizeable fund dedicated to social causes.
In 2012 - Alibaba establishes Cainiao Network
Alibaba establishes Cainiao Network together with a consortium of logistics companies to bolster its control of the supply chain and creating a closed loop ecosystem.
In September, 2014 - Alibaba completes IPO on NYSE
On September 19th, 2014 Alibaba made history with the largest IPO of all time. Listing on the NYSE, Alibaba raised $25 billion, valuing the company onto the stage of global giants in the internet age.
In October, 2014 - Alibaba establishes Ant Financial
Alibaba formally establishes Ant Financial Services Group that will operates Alipay, and provide a comprehensive set of other financial services.
In February, 2015 - Alibaba Launches DingTalk
Alibaba launches DingTalk, a group messaging platform, to meet the communication requirements of SME's.
In June, 2015 - Alibaba announces Koubei
Alibaba and Ant Financial together establish joint-venture Koubei to expand into the local services sector.
In December, 2015 - Alibaba Acquires South China Morning Post
Alibaba acquires one of Hong Kong's flagship media companies, the South China Morning Post.
In April, 2016 - Alibaba Acquires a controlling stake in Lazada
Alibaba purchased a controlling stake in Lazada, an e-commerce platform in Southeast Asia to expand its overseas presence. The move brought Alibaba's total investment in Lazada to $4 billion.
In 2017 - Alibaba announces partnership with International Olympic Committee
Alibaba announced a long term partnership with the International Olympic Committee through 2028.
In 2017 - Alibaba Establishes Hema Supermarkets
Alibaba launched its new Hema supermarkets which are a shining example of the "new retail" model. Hema stores are highly digitized, allowing for increased convenience for customers.
In 2018 - Alibaba begins cooperation with Thailand, Rwanda and Belgium
Alibaba started cooperating with Thailand, Rwanda and Belgium to help bolster the growth of their digital economy.