Alibaba Group
8th January 2015
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Alibaba Group is a Chinese e-commerce company that provides consumer-to-consumer, business-to-consumer and business-to-business sales services via web portals. It also provides electronic payment services, a shopping search engine and data-centric cloud computing services. The group began in 1999 when Jack Ma founded the website Alibaba.com, a business-to-business portal to connect Chinese manufacturers with overseas buyers. The company primarily operates in the People’s Republic of China, and at closing time on the date of its initial public offering on 19 September 2014, Alibaba’s market value was measured as US$231 billion.
