Founded by Jack Ma in the year 1999, Alibaba.com is Mainland China based world's largest B2B Marketplace started with the aim of providing a decent b2b trading platform to international trade community. The company is serving as a prominent e-commerce stage for small and medium enterprises regardless of the fact that from which part of the world they are. There are many privileges provided by Alibaba.com using which small business can expand their reach to the international markets. It is estimated that that by the end of December 2012 there were approximately 36.7 million users registered at Alibaba.com that shows the trust level of global trade community on this website.
Alibaba.com comes from renowned Alibaba Group Holding Limited (NYSE: BABA), which is basically a group of companies that are based upon internet and the focal point of their provided services revolve around the approach that is related with making it simpler for people to buy and sell products using the internet. This organization has a history of providing world class and quality services to its valued customers. They have extended their reach to more than 240 countries and parts of this world. Presently there are 25 business units operating under Alibaba Group Holding Limited (NYSE: BABA) and the main aim is to cultivate the progress of a broad, shared and affluent e-commerce environment. Other companies and entities affiliated with Alibaba Group Holding Limited includes:
- Alipay.com: Third party online payment platform
- Aliyun.com: Cloud-computing service provider
- Taobao.com: China’s largest Consumer-to-Consumer Online Shopping Platform
- Tmall.com: Online Business-to-Consumer Platform
- AliExpress.com: Business-to-Business Wholesale Platform
September 2014 is the biggest month for Alibaba Group as the company gone listed in New York Stock Exchange (NYSE: BABA). By September 18, 2014, Alibaba's IPO priced at $68, raising US$21.8 billion for the company and investors. Alibaba's shares BABA began trading on the NYSE at an opening price of $92.70 by September 19, 2014. Alibaba is the biggest U.S. IPO in history.
Posted by: Pratul Maheshwari on May 29 2013
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