Alibaba's products and markets are very diverse. It includes online mobile payments, online shopping, and up to 27 mobile apps and browsers from the Alibaba group. Whether it is food, entertainment, or even learning, Alibaba group is everywhere. Among the many products, the most eminent category is mobile payment. The most immediate benefit is that it provides the easiest and fastest way for consumers to pay. Mobile payment has become so popular in China that it has become a cashless society. Whether for the country or Alibaba group, mobile payment development prospects will be very considerable. Moreover, Alibaba group is so successful not only because of the way it sells and operates, but also because all Alibaba employees follow the company's mission: Make it easy to do business anywhere. In 2019 the number of employees was 101,958 which increased by 23.5% from 2018. Alibaba had more employees than Yahoo and Facebook put together. Most of them operate in the company’s operations/ customer service and research and development departments. Alibaba is located all around the world including the United States, Italy, Netherlands, etc. Its main headquarters is in Hangzhou Shi, China. They empower businesses to transform the way they market, sell, operate, and enhance their efficiencies. The company’s business accounts for over half of all Chinese e-commerce revenues. Alibaba became one of the most valuable tech companies in the world after raising $25 billion from its U.S. IPO, ranking it fourth compared with the biggest tech firms in the United States. Alibaba
runs marketplaces and has a large customer base compared to other e-commerce firms such as eBay. Alibaba dominates e-commerce and cloud computing services in China, Amazon dominates those sectors in most other growing markets around the world. JD.com is also one of the primary competitors for Alibaba in e-commerce where its percentage of total retail e- commerce sales in China was 16.7% and Alibaba was 55.9%. The latest closing stock price for Alibaba is $212.13. The all-time high was on January 13, 2020, where the stock price was $230.48. Alibaba’s market shares gained 54.7% in 2019. It currently has a market capitalization of $555.30 billion and a revenue of $161.46 Billion.
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- Spring '18
- Patrick Tormey
- Alibaba, Alibaba Group, Alibaba Company Summary