ALIBABA GROUP

Chairman: Danial Zhang
Managing director: Chris deng/ Danial Zhang

About ALIBABA GROUP

Alibaba, is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology. Founded on 28 June 1999,in Hangzhou, Zhejiang, the company provides consumer-to-consumer (C2C), business-to-consumer (B2C), and business-to-business (B2B) sales services via web portals, as well as electronic payment services, shopping search engines and cloud computing services.

On 19 September 2014, Alibaba’s initial public offering (IPO) on New York Stock Exchange raised US$25 billion, giving the company a market value of US$231 billion. It is one of the top 10 most valuable corporations, and is named the 31st-largest public company in the world on the Forbes Global 2000 2020 list. In January 2018, Alibaba became the second Asian company to break the US$500 billion valuation mark, As of 2020, Alibaba has the sixth-highest global brand valuation.In 2020, also rated as the fifth-largest artificial intelligence company.

Market capitalization shares: The market capital of the company is 310.89B for Feb. 7, 2022

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Equity, typically referred to as shareholders’ equity (or owners’ equity for privately held companies), represents the amount of money that would be returned to a company’s shareholders if all of the assets were liquidated and all of the company’s debt was paid off in the case of liquidation. In the case of acquisition, it is the value of company sales minus any liabilities owed by the company not transferred with the sale.

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