Alibaba Stock, Net Worth, Share Price, Stock Price 2020
E-commerce has shaken the shopping industry. The top most online shopping sites have won the trust of its customers and has provided a secure payment gateway. Whether it is Holiday and Decor, Machinery and Electronics, Consumer Electronics, Apparel, Automotive or Construction industry, Alibaba has shown its presence everywhere. It has dominated the online commerce in China.
Alibaba.com is the world’s largest online business-to-business trading interface for small businesses. The company is headquartered in Hangzhou, Zhejiang, China. The company’s English portal handles sales across the world in 240 countries. Alibaba.com offers transaction-based retail website AliExpress.com to allow smaller buyers to buy small quantities of goods at wholesale rates.
How Much is AliBaba Net Worth 2020 : 27.9 Billion Dollar
About Alibaba
Alibaba Group Holding Limited is a Chinese e-commerce company. It provides consumer to consumer, business to consumer and business to business sales services through its web portals. It also provides a shopping search engine, electronic payment services, and data-centric cloud computing services. The company started in 1999 by Jack Ma. At its initial phase, it provided business-to-business portal Alibaba.com to connect Chinese manufacturers with the foreign buyers.
Two of the Alibaba’s portals handled 1.1 Trillion Yuan in 2012. In 2014, Alibaba’s Market Value was 231 Billion US Dollar. At the end of 2015, the stock came down and its market capital was only 212 Billion Dollar. Alibaba’s consumer-to-consumer portal Taobao features about a billion products. It is one of the 20 most visited websites in the world. Statistics shows that in this fiscal year the e-commerce firm has recorded an Annual Net Income of Alibaba is 27.9 Billion Dollar. Annual Revenue of Alibaba Group in this financial year is 15.69 Billion Dollars.
Alibaba Net Worth, Income Source, Stock Price, Net Annual Income, Revenue
The Chinese e-Commerce giant Alibaba has involved into three domain of businesses from which it collects revenue. These businesses are Alibaba.com, Taobao and Tmall.com. Its original business is Alibaba.com which is a trading platform that links Chinese businesses to international businesses. Alibaba.com earns by receiving a commission on its every transaction and by charging a subscription fee to the sellers. The site has included 1688.com which connects domestic Chinese business and AliExpress for small global business.
Taobao is a huge part of the Alibaba Group’s business. In this consumer-to-consumer marketplace, Alibaba makes money by selling ads. Merchants pay for placing their products higher to gain visibility or to gain a number of customers by search ads. Tmall.com is a business-to-consumer marketplace that features international brands and charges yearly fees to its merchants. Alibaba also earns from Alipay, Juhuasuan, cloud computing, film business, mutual fund, Aliwangwang etc. Alibaba is not dependent on any one business source. It generates income from the diverse field and growing to make its strong global presence.
Company Name, Founder, Type, Establishment Year, Headquarter and Services
Company Name – Alibaba Group
Type – public
Establishment Year – 1999
Headquarter – Hangzhou, Zhejiang, China
Founder – Jack Ma
Services – Online shopping
Website – www.alibabagroup.com
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