Alibaba Group Holding Ltd
Alibaba (NYSE: BABA) is the largest e-commerce company on this list, offering an online marketplace for domestic retail, wholesale trade, and international e-commerce. In 1999, former English teacher Jack Ma ( M Yn) established the Alibaba Group. His company is now the world's largest online retailer. Alibaba controls more than half of the Chinese e-commerce market. The Alibaba Group owns many different e-commerce sites.
Alibaba's largest sites aimed at Chinese consumers are Taobao Marketplace and Tmall.com. Taobao sellers are mostly individuals and small businesses. Taobao is a consumer-to-consumer (C2C) platform. Tmall is a leading B2C (business-to-consumer) retail platform that enables local and international sellers to directly reach consumers online. Taobao Mall first opened its doors in 2008. In mainland China, Hong Kong, Macau, and Taiwan, they sell everything from clothing, shoes, and cosmetics to packaged foods.
Aliexpress was founded in 2010 as a platform for Chinese businesses and individuals to sell their wares to international online shoppers. It is now Russia's most popular e-commerce platform. Cainiao, a package delivery and logistics company that allows Alibaba and any other company to manage their own deliveries and logistics, was founded in 2013 by Alibaba and six Chinese logistics companies.
In 2016, Alibaba acquired Lazada, a Singapore-based e-commerce company that is one of the largest in Southeast Asia. In September 2019, Alibaba paid $2 billion to NetEase for Kaola.com, an online marketplace that sells imported goods to Chinese consumers.
The 2004 launch of Alipay was a critical component of Alibaba's dominance of the Chinese internet sector. Initially a PayPal clone, the service has evolved into one of China's two major mobile payment systems, the other being WeChat Pay. Alipay is now a subsidiary of Alibaba affiliate Ant Group, which provides a range of financial services such as investing, credit, and a variety of insurance products.
Founded: 1999
Headquarters: Hangzhou, China
Official web: alibabagroup.com/en-US/
