Difference between revisions of "Alibaba"
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| − | '''{{initial|A}}libaba Group Holding Limited, or Alibaba,''' is a Chinese multinational online ecommerce and technology company. Over the last year alone, Alibaba's online sites totaled $248 billion in transactions, making the website one of the fastest growing ecommerce stores.<ref>https://graphics.wsj.com/alibaba/</ref> Further, an estimated 80% of the Chinese online commerce markets is | + | '''{{initial|A}}libaba Group Holding Limited, or Alibaba,''' is a Chinese multinational online ecommerce and technology company. Over the last year alone, Alibaba's online sites totaled $248 billion in transactions, making the website one of the fastest growing ecommerce stores.<ref>https://graphics.wsj.com/alibaba/</ref> Further, an estimated 80% of the Chinese online commerce markets is controlled by the Alibaba Group.<ref>https://graphics.wsj.com/alibaba/</ref> The website was founded in 1999 by Jack Ma and 17 others in Hangzhou, China. Since the platform was open to everyone who had access to the Internet, the founders' philosophy was that the website would allow smaller companies and technological innovation to thrive in markets.<ref>https://www.alibabagroup.com/en/about/history</ref> |
==History== | ==History== | ||
Revision as of 14:52, 28 January 2022
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libaba Group Holding Limited, or Alibaba, is a Chinese multinational online ecommerce and technology company. Over the last year alone, Alibaba's online sites totaled $248 billion in transactions, making the website one of the fastest growing ecommerce stores.[1] Further, an estimated 80% of the Chinese online commerce markets is controlled by the Alibaba Group.[2] The website was founded in 1999 by Jack Ma and 17 others in Hangzhou, China. Since the platform was open to everyone who had access to the Internet, the founders' philosophy was that the website would allow smaller companies and technological innovation to thrive in markets.[3]
