The
primary company of Alibaba Group is Alibaba.Com, it's also the world's biggest and largest
online(Internet) business to business market trading platform for little
(small) businesses. It was founded in Eastern China in a city called Hangzhou. Alibaba.Com have three major services its English language online
portal, the Alibaba.Com is
the one responsible for handling sales between the importers and exporters of
different countries and regions, while the Chinese online portal called 1688.com was created to handle the normal domestic online
business to business trade in the country of China. In addition to that, the Alibaba.Com company also offer a small scale transaction based
online retail website, the Aliexpress.Com that give small buyers the
opportunity to buy goods in small quantities at a very reduced price (wholesale
prices). In 2007 the Hong Kong stock market accept the public offering of Alibaba.Com which was later delisted in 2012 for best reason
known to them. A direct business channel was launched in 2013 by 1688.com that is producing $30 million US dollars in a daily
transaction economic value.
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Taobao online marketplace or simply Taobao is the largest online consumer to consumer shopping platform in China. It was founded in 2003 it also offer varieties of products for online retail sales. As of January 2015 it achieved a new record as the second most (browsed) visited online website in the people Republic of China according to the data from Alexa.com the expansion of Taobao Marketplace was attributed to the free commission transaction and the free registration using other third party mega payment platform. 85% of the company total revenue is made from advertising. Which made it to neither gain or lose profit in 2009. But in 2010 Taobao profit was estimated to be $US235.7 million dollars (1.5 billion yuan) which is only about 0.4% of Alibaba Group total share of $US 62.9 billion US dollars (400 BILLION YUAN) that year.
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Taobao online marketplace or simply Taobao is the largest online consumer to consumer shopping platform in China. It was founded in 2003 it also offer varieties of products for online retail sales. As of January 2015 it achieved a new record as the second most (browsed) visited online website in the people Republic of China according to the data from Alexa.com the expansion of Taobao Marketplace was attributed to the free commission transaction and the free registration using other third party mega payment platform. 85% of the company total revenue is made from advertising. Which made it to neither gain or lose profit in 2009. But in 2010 Taobao profit was estimated to be $US235.7 million dollars (1.5 billion yuan) which is only about 0.4% of Alibaba Group total share of $US 62.9 billion US dollars (400 BILLION YUAN) that year.
Alibaba.com
Alibaba.com, the primary company of Alibaba, is the world’s largest online business-to-business trading platform for small businesses.
Founded in Hangzhou in eastern China, Alibaba.com has three main services. The company’s English language portal Alibaba.com handles sales between importers and exporters from more than 240 countries and regions.
The Chinese portal 1688.com was developed for domestic business-to-business trade in China. In addition, Alibaba.com offers a transaction-based retail website, AliExpress.com, which allows smaller buyers to buy small quantities of goods at wholesaleprices.
Alibaba.com went public at the Hong Kong Stock Exchange in 2007, and was delisted again in 2012.
In 2013, 1688.com launched a direct channel that is responsible for $30 million in daily transaction value.
AutoNavi
AutoNavi is a Chinese map supplier. It has been acquired by Alibaba in 2014.Its online maps can be accessed at
Taobao
Taobao Marketplace, or Taobao, is China's largest consumer-to-consumer online shopping platform. Founded in 2003, it offers a variety of products for retail sale. In January 2015 it was the second most visited web site in China, according to Alexa.com.Taobao's growth was attributed to offering free registration and commission-free transactions using a free third-party payment platform.
Advertising makes up 85 percent of the company's total revenue, allowing it to break even in 2009. Taobao's 2010 profit was estimated to be 1.5 billion yuan (US $235.7 million), only about 0.4 percent of their total sales figure of 400 billion yuan (US $62.9 billion) that year, way below the industry average of 2 percent, according to iResearch estimates.
According to Zhang Yu, the director of Taobao, the number of stores on Taobao with annual sales under 100 thousand yuan increased by 60% between 2011 and 2013. Over the same period, the number of stores with sales between 10 thousand and 1 million yuan increased by 30%, and the number of stores with sales over 1 million yuan increased by 33%. Taobao's total sales (including Tmall) exceeded 1 trillion yuan (USD 160 billion) in 2012. And on 11 November 2012, the biggest online shopping promotion activity, Taobao accomplished 19.1 billion yuan (USD 3.07 billion) sales in one day.
Tmall.com
Tmall.com was introduced in April 2008 as an online retail platform to complement the Taobao consumer-to-consumer portal and became a separate business in June 2011. As of October 2013 it was the eighth most visited web site in China, offering global brands to an increasingly affluent Chinese consumer base.
Juhuasuan
Juhuasuan.com is a group shopping website in China. It was launched by Taobao in March 2010 and became a separate business in October 2011. Juhuasuan offers "flash sales", products that are available only for a fixed time period, which can last from one or two days to a full month. To buy at the discounted price, buyers must purchase the item within that defined time.
eTao
eTao.com was beta-launched by Taobao in October 2010 as a comparison shopping website, and became a separate business in June 2011. It offers search results from most Chinese online shopping platforms,[citation needed] including product searches, sales and coupon searches. Online shoppers can use the site to compare prices from different sellers and identify products to buy. According to the Alibaba Group web site, eTao offers products from Amazon China, Dangdang, Gome, Yihaodian, Nike China and Vancl, as well as Taobao and Tmall.
Alipay
Main article: Alipay
Launched in 2004, Alipay is a third-party online payment platform with no transaction fees. It also provides an escrow service, in which buyers can verify whether they are happy with goods they have bought before releasing money to the seller. Alibaba Group spun off Alipay in 2010 in a controversial move. According to analyst research report, Alipay has the biggest market share in China with 300 million users and control of just under half of China's online payment market in February 2014.In 2013, Alipay launched a financial product platform called Yu'ebao (余额宝).
Alibaba Cloud Computing
Alibaba Cloud Computing aims to build a cloud computing service platform, including e-commerce data mining e-commerce data processing, and data customization. It was established in September 2009 in conjunction with the 10th anniversary of Alibaba Group. It has R&D centers and operators in Hangzhou, Beijing and Silicon Valley In July 2014, Aliyun entered into a partnership deal with Inspur. Aliyun is the largest high-end cloud computing company in China.
AliExpress
Launched in 2010, AliExpress.com is an online retail service made up of mostly small Chinese businesses offering products to international online buyers. It is the most visited e-commerce website in Russia.
China Yahoo!
In October 2005, Alibaba Group formed a strategic partnership with Yahoo! and acquired China Yahoo! a Chinese portal that focuses on Internet services like news, email, and search. In April 2013, Alibaba Group announced that, as part of the agreement to buy back the Yahoo! Mail stake, technological support for China Yahoo! Mail service would be suspended and the China Yahoo! Mail account migration would begin. Several options were offered to users to make the transition as smooth as possible, and China Yahoo! users had four months to migrate their accounts to the Aliyun mail service, the Yahoo! Mail service in the United States, or to another third-party e-mail provider of the user's choice. Yahoo! China closed its mail service on 19 August 2013. E-mails sent to Yahoo! China accounts can be forwarded to an Alimail box until 31 December 2014. Users are also allowed to transfer e-mail accounts to yahoo.com or any other e-mail service. It is estimated there are no more than a million users with Yahoo! Mail for China and chances are they also own other e-mail accounts.
Aliwangwang
In 2004, the company released its own instant messaging software service Aliwangwang for interactions between customer and online sellers. By 2014 Aliwangwang user has reached 50 million, making it the second largest instant messaging tool in China.
Laiwang
In October 2013, the company's chairman Jack Ma announced that the company would no longer use Tencent's messaging application WeChat, and would henceforth promote its own messaging application and service, Laiwang.
Alibaba Pictures
Main article: Alibaba Pictures
In March 2014, Alibaba agreed to acquire a controlling stake in ChinaVision Media Group for $804 million. The two firms announced they would establish a strategic committee for potential future opportunities in online entertainment and other media areas.The company was renamed Alibaba Pictures Group.
Youku Tudou
In April 2014, Alibaba and Yunfeng Capital, a private equity company controlled by Alibaba’s founder, Jack Ma, agreed to acquire a combined 18.5 percent stake inYouku Tudou, which broadcasts a series of popular television programs and other videos over the Internet.
11 Main
On 11 June 2014, Alibaba launched U.S. shopping site 11 Main. The 11 Main marketplace hosts more than 1,000 merchants in categories such as clothing, fashion accessories and jewelry as well as interior goods and arts and crafts and it plans to keep adding more, the company said. On 23 June 2015, Alibaba announced that it is selling 11 Main to OpenSky, an online-marketplace operator based in New York.
Alibaba Group R&D institute
Alibaba introduced the Alibaba Group R&D institute in 2008. One year later, Alibaba filed around 350 patent and utility model applications.
Xia Mi
Alibaba completed the purchase of XiaMi, the online music service provider, for an undisclosed sum. Taobao has since launched a service allowing customers to listen to music while shopping.
Global Biz Circle
Global Biz Circle in an online content site powered by Alibaba.com. The mission of Global Biz Circle is to provide content that not only empowers businesses but also provides them with the know-how to grow and succeed in a global e-commerce environment.
Alibaba has completed the acquisition of this domestic crowdsourcing translation platform to solve the language barrier problem encountered for small and medium enterprises (SMEs) to participate in cross-border e-commerce.
Corporate governance
Jack Ma was Alibaba Group's chief executive officer for its first 10 years, but stepped down as CEO on 10 May 2013, becoming executive chairman. Jonathan Lu became the company's new CEO.
On 7 May 2015 Alibaba announced that on 10 May COO Daniel Zhang will replace Lu as CEO.
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