Alibaba.com: Difference between revisions
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| company_name = Alibaba.com |
| company_name = Alibaba.com |
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Revision as of 07:16, 9 December 2011
| File:Alibaba.JPG | |
| Company type | e-commerce |
|---|---|
| Industry | Internet |
| Founded | Hangzhou, China (1999) |
| Headquarters | 699 Wang Shang Road, Bingjiang District, Hangzhou, 310099 , |
Key people | Jonathan Lu, CEO Maggie Wu, CFO |
| Owner | Alibaba Group (owns 70%) |
| Website | alibaba.com |
Alibaba.com (HKSE: 1688) (simplified Chinese: 阿里巴巴网络有限公司; traditional Chinese: 阿里巴巴網絡有限公司; pinyin: Ālǐbābā) is the world's largest online business-to-business trading platform[citation needed] for small businesses.
The company was founded by Jack Ma and 18 people in 1999. It claims it had more than 65 million registered users in more than 240 countries and regions as of March 31, 2011.
Business
Alibaba.com has four business-to-business (B2B) marketplaces. The company’s English language international marketplace (www.alibaba.com) serves to bring together importers and exporters from more than 240 countries and regions. The China marketplace (www.1688.com) is developed for domestic business-to-business trade in China. It also has a Japanese marketplace (www.alibaba.co.jp), which is focused on facilitating trade to and from Japan through an associated company. In addition, Alibaba.com offers a transaction-based wholesale platform, AliExpress (www.aliexpress.com), which serves smaller buyers seeking fast shipment of small quantities of goods. Launched in April 2010, AliExpress provides an escrow service and supports payments through Visa, MasterCard or bank transfer. Formerly customers could also use PayPal, but PayPal terminated its partnership with the company in 2011[2].
Alibaba.com also offers a range of business management software, Internet infrastructure services and export-related services, and provides educational services to incubate enterprise management and e-commerce professionals. Alibaba.com has offices in more than 70 cities across China, Taiwan, Hong Kong, India, Japan, Korea, Europe and the United States.
In July 2010, Alibaba.com bought U.S. e-commerce site Vendio Services Inc., making its first major U.S. acquisition. In August 2010, Alibaba.com also acquired Auctiva, the leading third-party developer of tools for eBay sellers, to strengthen its position as a go-to supply source for U.S. e-commerce entrepreneurs. Terms of the deals were not disclosed. [3]
In November 2010, Alibaba.com is a founding partner of GlobalTrade.net, a new marketplace for the international trade service providers. [4]
Q1 2011 net profit stood at RMB452.5 million (US$68.9 million), a 37% growth year-on-year.[5]
In September 2011, the company has announced that may spin off and publicy list its Internet application service provider HiChina to raise about $200 to 300 million fund.[6]
Listing
Alibaba.com was listed in the Hong Kong Stock Exchange at the IPO price of HK$13.5 on 6 November 2007. The offering raised HK$13.1 billion (US$1.7 billion) in the biggest IPO at the time since Google Inc's offering on the NASDAQ. It closed at HK$39.5, more than 190% higher than the offer price
In INDIA- MUMBAI, INDIA, September 10, 2010 – Alibaba.com Limited (HKSE: 1688) (1688.HK), the world's leading small business e-commerce company, today announced that it is investing in India, with the launch of its local customer service operations here to better serve the vast Indian small business community. With a service office in Mumbai, Alibaba.com will primarily focus on providing dedicated customer service to its Indian Gold Supplier members during a crucial time of growth for the small business community here. Alibaba.com’s Indian arm will house a core customer service team including a dedicated staff that will focus on customer training programs. This team will eventually grow and expand to multiple offices across India to provide local, hands-on support to Alibaba.com’s rapidly-growing member-base http://www.alibaba.com/activities/2011_Nov_notice.html
Partner
Alibaba.com is represented by Ludatrade.com in Brazil
References
- ^ http://media.ft.com/cms/c6aba388-74a6-11db-bc76-0000779e2340.pdf
- ^ "eBay's PayPal Drops Major China Partner, Alibaba's AliExpress". Reuters.
- ^ “Alibaba.com to buy U.S. e-commerce site Vendio”. Reuters. June 24, 2010.
- ^ http://www.globaltrade.net
- ^ http://ir.alibaba.com/ir/home/financial_operating.htm
- ^ "Alibaba.com says may spin off and list HiChina". September 25, 2011.
External links
