Saturday 17 December 2011

Alibaba Group

Alibaba Group (simplified Chinese: 阿里巴巴集团; acceptable Chinese: 阿里巴巴集團; pinyin:Ālǐbābā Jítuán) is a Chinese advance captivation company. The company, calm with its subsidiaries, are affianced in the accouterment of software, technology and added casework on the online business-to-business (B2B) marketplaces with the compatible ability locators www.alibaba.com, www.1688.com and beneath the barter name Alibaba (the B2B services).

The aggregation additionally provides added Internet based services, such ascomputer application applications, area name registration, Website hosting and solutions, email hosting and technology-related consulting casework on assorted marketplaces and platforms. It operates its business in the People’s Republic of China.

Alibaba Group and its affiliated entities:

Alibaba.com (HKSE: 1688) - about traded aggregation in e-commerce for baby businesses

Taobao Marketplace - consumer-to-consumer (C2C) online arcade platform

Taobao Mall - business-to-consumer (B2C) online retail marketplace

eTao - chase agent advised for online shoppers

Alibaba Billow Accretion - avant-garde data-centric billow accretion casework platform

China Yahoo! - one of China’s arch internet portals

Alipay - third-party online acquittal platform

Naming

Jack Ma said, "One day I was in San Francisco in a coffee shop, and I was cerebration Alibaba is a acceptable name. And again a waitress came, and I said do you apperceive about Alibaba? And she said yes. I said what do you apperceive about Alibaba, and she said ‘Open sesame'. And I said yes, this is the name! Again I went assimilate the artery and begin 30 bodies and asked them, ‘Do you apperceive Alibaba?’ Bodies from India, bodies from Germany, bodies from Tokyo and China… They all knew about Alibaba. Alibaba — accessible sesame. Alibaba is a kind, acute business person, and he helped the village. So…easy to spell, and globally known. Alibaba opens sesame for small- to medium-sized companies. We additionally registered the name Alimama, in case addition wants to ally us!"1

Alibaba Group companies and affiliated entities

Alibaba.com

Alibaba.com Limited (HKSE: 1688.HK) (simplified Chinese:阿里巴巴网络有限公司; acceptable Chinese: 阿里巴巴網絡有限公司),), the flagship aggregation of Alibaba Group, is the world’s better online business-to-business trading belvedere for baby businesses.

Founded in Hangzhou in eastern China, Alibaba.com has four marketplaces. The company’s English accent all-embracing exchange (www.alibaba.com) serves to accompany calm importers and exporters from added than 240 countries and regions. The China exchange (www.1688.com) is developed for calm business-to-business barter in China. It additionally has a Japanese exchange (www.alibaba.co.jp), which is focused on facilitating barter to and from Japan through an associated company. In addition, Alibaba.com offers a transaction-based broad platform, AliExpress (www.aliexpress.com), which allows abate buyers to shop for baby quantities of appurtenances at broad prices.

The aggregation claims that calm these marketplaces accept added than 65 actor registered users. Alibaba.com was listed in the Hong Kong Stock Exchange at the IPO amount of HK$13.5 on 6 November 2007, adopting HK$13.1 billion (US$1.7 billion) in the second-largest antecedent accessible alms auction of an Internet aggregation afterwards Google Inc.

edit Taobao Marketplace

Taobao Exchange (www.taobao.com), ahead accepted as Taobao, is the better C2C online arcade belvedere in China. Founded in 2003, it provides a avant-garde array of artefact offerings. The aggregation claims that it served added than 370 actor registered users as of the end of 2010.

edit Taobao Mall

Taobao Mall (www.tmall.com) was alien in April 2008 as a committed B2C belvedere to accompaniment Taobao’s C2C exchange and became an absolute business in June 2011. It is now a above online arcade destination for quality, cast name appurtenances in China.

edit eTao

eTao was beta-launched by Taobao in October 2010 as an absolute chase agent and became an absolute business in June 2011. It is the best absolute arcade chase agent in China, accoutrement artefact after-effects from all above Chinese online arcade platforms.

edit Alipay

Launched in 2004, Alipay (www.alipay.com) is a third-party online acquittal platform. According to analyst analysis report, Alipay has the better bazaar allotment in China. The aggregation claims it had added than 550 actor registered users as of the end of 2010. In 2011, it was the better online acquittal arrangement in the apple by amount of transactions. 2

Alipay provides a acquittal account alleged escrow,2 in which consumers can verify whether they are blessed with appurtenances they accept bought afore absolution money to the seller.

In China, Alipay ally with added than 65 banking institutions including Visa and MasterCard to accommodate acquittal solutions for Taobao as able-bodied as added than 500,000 Chinese businesses. Internationally, Alipay helps added than 300 merchants and sellers common advertise anon to consumers in China. It currently supports affairs in 12 above adopted currencies. Alipay is an associate of Alibaba Group.

The 2009 alteration of Alipay's buying from the Alibaba Group to a clandestine aggregation controlled by Jack Ma was controversial, with media letters in 2011 that Yahoo! and Softbank (Alibaba Group's authoritative shareholders) were not abreast of the auction for nominal value. Chinese business advertisement Century Weekly criticised the accomplishments of Ma,3 while Ma declared that Alibaba Group's lath of admiral were acquainted of the transaction. The buying altercation was bound by Alibaba, Yahoo! and Softbank in July 2011.4

edit Alibaba Billow Computing

Alibaba Billow Accretion aims to body an avant-garde data-centric billow accretion account platform, including e-commerce abstracts mining, accelerated massive e-commerce abstracts processing, and as able-bodied as abstracts customization. It was accustomed in September 2009 in affiliation with the 10th ceremony of Alibaba Group.

China Yahoo!

In October 2005, Alibaba Group formed a cardinal affiliation with Yahoo! Inc and acquired China Yahoo! (www.yahoo.com.cn), which is a Chinese aperture with a focus on capital Internet casework including news, email and search.

Development history

In December 1998, Jack Ma and added 17 founders appear their aboriginal online exchange called "Alibaba Online".

From 1999 to 2000, Alibaba Group aloft a absolute of US$25 actor from SoftBank, Goldman Sachs, Fidelity and some added institutions.

In December 2001, Alibaba.com accomplished profitability.

In May 2003, Taobao was founded as a customer e-commerce platform.

In December 2004, Alipay became an absolute business.

In October 2005, Alibaba Group took over the operation of China Yahoo! as allotment of its cardinal affiliation with Yahoo! Inc.

In November, 2007, Alibaba.com auspiciously listed on the Hong Kong Stock Exchange.

In April 2008, Taobao accustomed Taobao Mall, a committed B2C platform, to accompaniment its C2C marketplace.

In September 2008, Alibaba Group R&D Institute was established.

In September 2009, Alibaba Group accustomed Alibaba Cloud Computing in affiliation with its 10-year anniversary.

In May 2010, Alibaba Group appear a plan to attribute 0.3% of its anniversary revenues to armamentarium ecology aegis initiatives.

In October 2010, Taobao beta-launched eTao as an absolute arcade chase engine.

In June 2011, Alibaba Group reorganized Taobao into three abstracted companies: Taobao Marketplace, Taobao Mall and eTao.

In July 2011, Alibaba Group launched its aboriginal self-developed adaptable operating system, Aliyun over K-Touch Cloud Smartphone. A customized Android arrangement of a Tablet PC active the Aliyun OS will be launched by the end of 2011.5dead link