It exemplifies the creation of a new shopping experience through the convergence of online and offline activities by using retail stores to warehouse and fulfill online orders, in addition to offering a rich and fun experience for customers who shop in-store. "About," Accessed Jun. Our founders started our company to champion small businesses, in the belief that the Internet would level the playing field by enabling small enterprises to leverage innovation and technology to grow and compete more effectively in domestic and global economies. Alibaba has followed Amazon's example by expanding into businesses that broaden its base of supply hubs. 2, 2020. It offers a complete suite of cloud services to customers worldwide, including elastic computing, database, storage, network virtualization services, large-scale computing, security, management and application services, big data analytics, a machine learning platform and IoT services. These include white papers, government data, original reporting, and interviews with industry experts. DingTalk is a digital collaboration workplace that offers new ways of working, sharing and collaborating for modern enterprises and organizations, including schools and education institutions. Ele.me (which means âAre you hungry?â in Chinese) is a leading on-demand delivery and local services platform in China. 2, 2020. 2, 2020. Launched in 2016, Freshippo is Alibaba Group's proprietary grocery retail chain. How are IPOs trending over time in this hub? Alibaba Cloud is Chinaâs largest provider of public cloud services by revenue in 2019, including PaaS and IaaS services, according to IDC. In 1999, Jack Ma launched the primary business of Alibaba, Alibaba.com, while working as an English teacher in Hangzhou. More than 75% of Lazadaâs parcels went through its own facilities or first-mile fleet during the same period. Lazada is a subsidiary of Alibaba Group. Insights about top trending companies, startups, investments and M&A activities, notable investors of these companies, their management team, and recent news are also included. Alibaba Group Holdings Ltd. is often called the "Amazon of China", making reference to the giant American e-commerce company, Amazon.com Inc. ().Alibaba … Achieving this goal while managing the group’s rapid growth is challenging. A subsidiary is an independent company that is more than 50% owned by another firm. Major businesses in our digital economy include: Launched in 2003, Taobao Marketplace (www.taobao.com) provides consumers from both large cities and less developed areas with an engaging, personalized shopping experience, optimized by big-data analytics and technology. TIAA is a nonprofit organization that provides investment and insurance services for those working in education, medicine, culture, and research. Alimama is a business of Alibaba Group. Chinaâs largest mobile commerce destination, Worldâs largest third-party online and mobile commerce platform for brands and retailers, Alibaba Group's proprietary grocery retail chain, Leading and fast-growing e-commerce platform in Southeast Asia, Leading wholesale marketplace for global trade, Leading integrated domestic wholesale marketplace in China, On-demand food delivery and local services platform, A leading online long-form video platform in China, Digital collaboration platform for modern enterprises and organizations, Digital technology and intelligence backbone of Alibaba Group, Leader in the development of open platforms for technology-driven inclusive financial services. Acquisition Date: July 2014 (initial investment); January 10, 2017 (74% controlling stake). What's the most common final funding type when companies get acquired? WhatsApp acquired by Facebook), Total number of people associated with this hub, Full Name: First and last name of a Person, Primary Organization: The organization associated to the person's primary job, Primary Job Title: The person's primary job title, CB Rank (Person): Algorithmic rank assigned to the top 100,000 most active People, Total number of events associated with this hub, Location: Location of the Event (e.g.