Alibaba Group
Alibaba Group Holding Limited
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legal form | Corporation |
ISIN | US01609W1027 |
founding | 1999 |
Seat | Hangzhou , China |
management |
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Number of employees | 117,600 (2020) |
sales | 72 billion USD ( FY 2020) |
Branch | Electronic commerce |
Website | alibabagroup.com |
Status: May 22, 2020 |
The Alibaba Group Holding Limited ( Sino 阿里巴巴集团 , Pinyin ālǐbābā Jituan ) is a company based in Hangzhou , China. It was founded by the former English teacher Jack Ma in 1999 and operates a. a. the B2B platform of the same name, Alibaba.com, and the online auction house Taobao, and according to its own information it is the largest IT group in China.
history
The Alibaba.com website was launched in 1999 by Jack Ma and the 17 other founders. The group was officially founded in the same year. In 2000, Alibaba Group received $ 20 million in venture capital from a group of investors led by Softbank . In 2003 Taobao was opened. On August 11, 2005, Yahoo announced its intention to acquire a 40% stake. Yahoo got on Alibaba for $ 1 billion. Between 2004 and 2007 the other online services Alipay , Alisoft and Alimama were created , which were linked to the two Internet portals. At the end of April 2007, the Internet site Alibaba.com went public .
Jack Ma works on the principle of “customers first, employees second, shareholders third.” During the global financial crisis , he cut prices for his customers by 60%, which has been criticized by investors. But the volume of business increased so much that the company's earnings did not decrease. In order to free himself from the pressure of expectations of the market, Jack Ma decided in 2012 to end this stock exchange listing by delisting .
In May 2012, Yahoo began selling half of its 40% stake back to Alibaba for around $ 7.1 billion. The transaction was completed in September 2012. Since then, Yahoo still holds 20% of the shares in Alibaba. Alibaba shares have been listed on the New York Stock Exchange since September 19, 2014 . When it went public, shares sold for $ 21.8 billion, making it one of the largest in the world. Prior to going public, investors were able to get in for $ 68 per share. On the day of the IPO, the share was issued for $ 92.70, which meant a price gain of around 36%. However, the shareholders do not have a direct stake in the Chinese Alibaba Group, but in a holding company based in the Cayman Islands . It is also criticized that the trading platform's willingness to take risks is so high that the return can fluctuate greatly and is unsuitable for building up wealth.
The Alibaba Group is one of the first major members of the FIDO alliance , which developed the industry standard Universal Second Factor (U2F) for generally applicable two-factor authentication .
On December 11, 2015, the group announced its intention to acquire South China Morning Post .
In August 2017, the Roewe RX5, the world's first “smart car” , went on sale. This works with the Linux operating system Yun OS , which was developed by the Alibaba subsidiary "AliCloud".
In November 2017, the Alibaba Group announced a stake of a good third in the Sun Art Retail Group , the largest operator of hypermarkets and supermarkets in the People's Republic of China.
With the aim of being able to deliver orders worldwide within three working days, Alibaba plans to open six distribution centers on a global basis . The Belgian Liège , which is equipped with an airport, was selected as the European location .
Since November 26, 2019, Alibaba shares have also been traded in Hong Kong. As a result of going public there, the company now has around $ 43 billion in cash.
Jack Ma retired from running the company on his 55th birthday, September 10, 2019. He is a member of the Alibaba Partnership, which consists of 36 people and can nominate a majority of the board members. The new CEO is the managing director Daniel Zhang . This was announced a year earlier.
Companies
In 2007 the company had 4,400 permanent employees, and by 2018 the number of employees had increased to around 66,500. At the company are u. a. Yahoo and Softbank involved. In 2017, sales on the Chinese retail platforms operated by the Alibaba Group totaled over 4.8 trillion Renminbi (768 billion euros ).
In the Forbes Global 2000 of the world's largest companies, the Alibaba Group ranks 59th (as of FY 2019). Alibaba had a market value of around USD 500 billion in mid-2018, making it one of the financially strongest companies in the world.
Corporate structure
The group of companies includes various subsidiaries:
- Alibaba.com , business-to-business trading platform
- AliExpress , business-to-customer trading platform
- Taobao , online auction house
- Ant Financial , financial services
- Alipay , online payment system (operated by Ant Financial)
- Aliyun OS , web service for cloud computing and data management
- 1688.com , China regional business-to-business trading platform
- Tmall.com , online department store
- juhuasuan.com , discount offer website
- amap.com , online map service offered by AutoNavi
- Alibaba Pictures Group , film producers or investors (for example involved in Star Trek Beyond and Mission: Impossible - Fallout )
- Alibaba Cloud, cloud computing provider
numbers
year | Sales in US $ million |
Balance sheet profit in million US $ |
Price per share in US $ |
Employees |
---|---|---|---|---|
2010 | 978 | -118 | ||
2011 | 1,777 | 177 | ||
2012 | 3.136 | 662 | ||
2013 | 5,553 | 1,352 | ||
2014 | 8,463 | 3,720 | ||
2015 | 12,293 | 3,896 | 81.72 | 34,985 |
2016 | 15,686 | 11,083 | 84.52 | 36,446 |
2017 | 22,994 | 6,345 | 141.79 | 50.097 |
2018 | 39,898 | 10,201 | 175.88 | 66,421 |
2019 | 56,152 | 13,053 | 170.31 | 101,958 |
criticism
Alibaba has been repeatedly accused of not doing enough against counterfeit products on its platforms.
literature
- Duncan Clark: Alibaba: The House That Jack Ma Built . Ed .: Ecco. 2018, ISBN 978-0-06-241341-3 (English).
- Ming Zeng: Smart Business. Alibaba's strategy secret. With a foreword by Jack Ma. Campus, Frankfurt am Main 2019, ISBN 978-3-593-50994-5 . (With notes, bibliography and register)
- American original edition: Smart Business. What Alibaba´s Success Reveals About the Future of Strategy. Harvard Business Review Press, Boston 2018.
Web links
- Official website (English)
Individual evidence
- ↑ a b [1] (PDF) on alibabagroup.com, accessed on July 10, 2020.
- ↑ a b Alibaba stock market launch , Focus from September 19, 2014, accessed on September 21, 2014
- ^ Alibaba Group. Retrieved November 20, 2017 .
- ^ Duncan Clark: Alibaba: The House That Jack Ma Built . Ed .: Ecco. 2018, ISBN 978-0-06-241341-3 , pp. 27-28 (English).
- ^ Duncan Clark: Alibaba: The House That Jack Ma Built . Ed .: Ecco. 2018, ISBN 978-0-06-241341-3 , pp. 213 (English).
- ^ Announcement of the delisting . Retrieved September 21, 2014
- ↑ Yahoo sells Alibaba stake , heise, May 21, 2012
- ↑ a b Alibaba shares surge in their NY stock market debut . BBC News, September 19, 2014, accessed September 20, 2014
- ↑ Investing with funds - more success with funds - only outstanding in advertising , test.de , February 15, 2010, accessed on January 1, 2015
- ^ Chinese Internet Giant Alibaba Will Buy the South China Morning Post. In: time.com. Retrieved November 26, 2019 .
- ^ Operating system from the Internet company Alibaba. July 12, 2016. Retrieved July 27, 2017 .
- ↑ Alibaba buys into China's largest hypermarket . Handelsblatt, November 20, 2017
- ↑ Bastian Heiniger: Alibaba is planning a huge logistics center in Europe. In: handelszeitung.ch. November 15, 2018, accessed November 16, 2018 .
- ↑ Hendrik Ankenbrand: Alibaba has almost as much cash as Apple. In: Frankfurter Allgemeine Zeitung. November 27, 2019, p. 23. Online version , accessed December 3, 2019.
- ↑ ZEIT ONLINE: Jack Ma: Alibaba boss is withdrawing . In: The time . September 10, 2019, ISSN 0044-2070 ( zeit.de [accessed on March 22, 2020]).
- ^ Alibaba Group. Retrieved March 23, 2020 .
- ↑ Alibaba Group Announces March Quarter 2018 and Full Fiscal Year 2018 Results (PDF) on alibabagroup.com, accessed on May 4, 2018.
- ^ The World's Largest Public Companies . In: Forbes . ( forbes.com [accessed July 17, 2018]).
- ^ Alibaba Group. In: ExamineChina.com Blog. May 5, 2014. Retrieved November 26, 2019 (American English).
- ^ Alibaba Group. Retrieved November 20, 2017 .
- ↑ Alibaba Net Income 2011-2019 | BABA. Retrieved October 21, 2018 .
Coordinates: 30 ° 11 ′ 31 ″ N , 120 ° 11 ′ 9 ″ E