Backgound on ALIBABA Group - ALIBABA GROUP Alibaba Group Holding Limited is one of the leading e-commerce service providers in the world of business It

Backgound on ALIBABA Group - ALIBABA GROUP Alibaba Group...

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ALIBABA GROUP Alibaba Group Holding Limited is one of the leading e-commerce service providers in the world of business. It provides its services through a web portal to connect or bring together consumers and other consumers, businesses and consumers as well as businesses and other businesses. Alibaba Group Holding Limited is a Chinese based company formed in the year 1999 by founder Jack Ma together with the help of some other 17 members. The name ‘Alibaba’ according to Jack Ma was born in Malaysia when he was in a coffee shop from the inspiration of the character ‘Alibaba’ in One Thousand and One Nights literature. He sought finances from financial institutions notably such as soft Bank and Goldman Sachs among others that raised approximately $25 million. His startup was basically a mere website called ‘Alibaba online’ that was meant to bring Chinese manufacturing companies together with buyers with the aim of conducting business but later expanded due to its handling of any business transactions.
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  • Spring '16
  • Mike
  • Business, Yahoo!, Alibaba Group, Jack Ma, Alibaba Group Holding, Alibaba Group Holding Limited

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