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Trust issues are common. People often face challenges with e-commerce companies. But the question arises here is, are the suppliers verified? No worries, all are verified here. People usually worry a lot about prices. Let me tell you everything available here is at factory prices.
Alibaba is a Chinese e-commerce platform. It's an Online B2B (Business 2 Business) supplier. It deals with the internet, retail and technology. It's actually a marketplace with a wide variety of products from verified suppliers. Read the Alibaba success story below.
Company Highlights
| Company Name | Alibaba |
|---|---|
| Headquarters | Hangzhou, China |
| Founders | Jack Ma, Joseph C. Tsai, Cathy Zhang, Trudy Dai, Peng Lei, Simon Xie, Jin Yuanying, Jianhang Jin, Jane Jiang, Eddie Wu, Ma Changwei, Tony Yiu, Zhou Yuehong, Shi Yufeng, James Sheng, Lou Wensheng, Han Min and Toto Sun |
| Founded | 4 April 1999 |
| Website | alibaba.com |
Alibaba - About
Alibaba - Founders And Team
Alibaba - Startup Story
Alibaba - Business Model
Alibaba - Revenue Model
Alibaba - Tagline, Slogan And Logo
Alibaba - Funding And Investors
Alibaba - Growth
Alibaba - Competitors
Alibaba - Future Plans
Alibaba - About
Alibaba Group Holding Limited is also known as Alibaba Group. This is a Chinese multinational technology company. It is the world's largest e-commerce and retailer company. The company has already made a record on the 2018 edition of China's Single's Day. Alibaba.com has got hundreds and millions of users.
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Alibaba - Founders And Team
Jack Ma, Joseph C. Tsai, Cathy Zhang, Trudy Dai, Peng Lei, Simon Xie, Jin Yuanying, Jianhang Jin, Jane Jiang, Ma Changwei, Eddie Wu, Toto Sun, Shi Yufeng, Zhou Yuehong, Lou Wensheng, Han Min and Tony Yiu are the founders of the company Alibaba.
- Jack Ma is the founder and also the former executive chairman of Alibaba group. He is a Chinese business magnate, philanthropist and investor.
- Joseph C. Tsai is also the founder of Alibaba group. He is a Taiwanese born Canadian billionaire businessman and philanthropist.
- Cathy Zhang is the founder of the company. She is Jack Ma's wife so she is very famous. She is a former Chinese teacher.
- Trudy Dai is a member of the founding team. She did join the company from the beginning itself. Since January 2017 she has been the president of wholesale marketplaces.
- Peng Lei is one among the founders of the company. She is also known as Lucy Peng. She is a Chinese billionaire businesswoman.
- Simon Xie is also a founder of Alibaba group. Before joining Alibaba group he completed his engineering degree from Shenyang University.
- Jin Yuanying is another founder of Alibaba group and Taobao. She has been responsible for both the companies mentioned above.
- Jianhang Jin joined Alibaba group from the beginning as a founding member. He has been the President of the company since August 2014.
- Jane Jiang is a founding member of the company. Currently, Jane Jiang is the Deputy CPO of the company.
- Eddie Wu is one of the founders of the company. Eddie Wu is the Senior Vice President. Eddie Wu handles three business units of the company.
- Ma Changwei is also a founder of the company. Ma Changwei is an investor and director at Taobao Product Technology Center.
- Tony Yiu is one of the founders of the company. In the International Business Unit, he was responsible for IDC operation and maintenance.
- Zhou Yuehong is also a founder of the company. He studied at Hangzhou Dianzi University.
- Shi Yufeng is the co-founder of Taobao. He is one of the original founders of the Alibaba group.
- James Sheng is the founder of the company. James Sheng is the senior vice president of the company.
- Lou Wensheng is again one of the original founders of the company. In the beginning, he was responsible for the planning of the official website.
- Han Min is also a founder of the company. He is a former South Korean Minister of Defense.
- Toto Sun is also an original member of the company.
Alibaba - Startup Story
Jack Ma started the Alibaba group with other 17 original founders. Back in 1999, he started a wholesale online marketplace called Alibaba. The Chinese company blossomed into one of the most valuable corporations in the world. Now the world knows Alibaba. Few parts of Alibaba still couldn't create a strong presence. When Alibaba started, in India there was nothing in this sector. The dawn of the 21st-century appeared to be lucky for Alibaba. It was growing as well as investing. It benefited from strict internet controlling policies. The story seems like Alibaba grew into a global e-commerce giant from a small apartment.
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Alibaba - Business Model
The company pretends to be a middleman between the buyers and sellers online. It facilitates the sale of goods. Majority of sellers are small merchants. Alibaba caters to almost all well known and big brands. Customer experience is a big issue for the company. Sellers cannot deliver goods which are already sold. The company charges the merchant's fee to appear higher on the search rankings. The company has dominated the shopping space in China. The company doesn't have a physical store anywhere.
Alibaba - Revenue Model
The revenues of the company are derived from retail e-commerce and associated market services in China. The company collected a revenue of $75 billion that makes 65%. It charges commissions as a percentage of the transaction value of goods sold. China Wholesale and Other Revenues are expected to be about 12% of the total revenues. Chinese consumption drives wholesale commerce and logistics service revenues. Alibaba's China Commerce business is planning to provide a sum of $32 billion. It is 62% of $52 billion in total revenue.
Alibaba - Tagline, Slogan And Logo
The tagline of the first Alibaba's job advertisement was If not me, who? It's not a question but a call of duty. The proverb shows a sense of ownership here.
The Alibaba logo has got two typefaces. It's the face of a satisfied customer. The person inside is smiling.
Alibaba - Funding And Investors
The company had raised an amount of $8.9 Billion over 17 funding rounds.
| Date | Transaction Name | Money Raised | Lead Investors |
|---|---|---|---|
| June 2, 2016 | Post-IPO Equity | $1 Billion | - |
| March 10, 2016 | Post-IPO Debt | $3 Billion | - |
| August 1, 2014 | Venture Round | - | - |
| April 1, 2014 | Secondary Market | $100 Million | - |
| October 9, 2013 | Secondary Market | - | - |
| October 1, 2013 | Secondary Market | - | - |
| March 4, 2013 | Secondary Market | - | - |
| September 1, 2012 | Private Equity Round | $2 Billion | China Investment Corporation |
| September 22, 2011 | Private Equity Round | $1.6 Billion | DST Global, Silver Lake |
| September 13, 2011 | Secondary Market | - | - |
Alibaba is funded by 32 investors. Temasek Holdings are the recent investors.
Alibaba - Growth
The company has positioned itself as the gateway to Chinese consumers. The company continues to grow. In March, there were 721 million users. In June there was an increase of 22 million users. And it grew to 104 million at the end of 2018. There was a sharp rise of 19% even in the valuing of total goods sold.
Alibaba - Competitors
The main competitors of the company are Amazon, Tencent, HuaWei and China Mobile.
- Amazon is a technology company. It focuses on e-commerce, cloud computing, digital streaming and artificial intelligence.
- Tencent is also a Chinese multinational company. It specializes in Internet-related services and products, artificial intelligence and technology.
- HuaWei is a leading platform that provides information and communications technology.
- China Mobile is a company. It provides mobile voice and multimedia services. Through its nationwide mobile telecommunications network across mainland China and Hong Kong.
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Alibaba - Future Plans
The company is aiming towards reaching 2 billion global consumers by fiscal 2036. The company is also looking forward to create more than 100 million jobs. And also support small and medium businesses.
Author: Purbalee Dutta
Source : https://startuptalky.com/alibaba-success-story/
Date : 2020-09-16T15:22:33.000Z