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Alibaba Group

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About Alibaba Group

ALIBABA GROUP’S MISSION IS TO MAKE IT EASY TO DO BUSINESS ANYWHERE.

We enable businesses to transform the way they market, sell and operate and improve their efficiencies. We provide the technology infrastructure and marketing reach to help merchants, brands and other businesses to leverage the power of new technology to engage with their users and customers and operate in a more efficient way.

Our businesses are comprised of core commerce, cloud computing, digital media and entertainment, and innovation initiatives. In addition, Ant Group, an unconsolidated related party, provides payment services and offers financial services for consumers and merchants on our platforms. A digital economy has developed around our platforms and businesses that consists of consumers, merchants, brands, retailers, third-party service providers, strategic alliance partners and other businesses.

The Alibaba digital economy generated RMB7,053 billion (US$1 trillion*) in GMV in the 12 months ended March 31, 2020, which mainly included GMV of RMB6,589 billion (US$945 billion) transacted through our China retail marketplaces, as well as GMV transacted through our international retail marketplaces and local consumer services.


Articles, Links, and Press

Alibaba is serious about entering Bangladesh; buys up food delivery startup HungryNaki

HungryNaki was founded in 2013 and operates in 5 cities in the country.

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Jack Ma reappears after vanishing for months; Alibaba shares jump 8%

In a new video recording after vanishing for months, Jack Ma is seen to be speaking to a group of rural teachers.

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TikTok China (Douyin) has launched an e-wallet to compete with Alipay and WeChat

Douyin Pay has been added as a new payment method on the app, alongside Alipay and WeChat Pay

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Startup funding in India fell by 34% due to the pandemic; lowest since 2016

A large part of India's startup funding was affected by the pandemic and tensions with China.

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China's overseas gaming revenue crosses $15 billion for the first time

China's domestic games industry generated $42.6 billion in revenues for the same period.

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