About
Alibaba is a Chinese multinational e-commerce, retail, and technology conglomerate founded in 1999 by Jack Ma. It is the world's largest retailer and one of the world's most valuable companies, with a market capitalization of over $450 billion as of January 2019. Alibaba's core businesses include online and mobile commerce, cloud computing, digital media and entertainment, and artificial intelligence.
The company is known for its Taobao and Tmall platforms, which are the largest online and mobile shopping platforms in the world. These platforms account for over 60% of all Chinese online retail sales. Alibaba also owns the South China Morning Post, one of Hong Kong's leading English-language newspapers.
Alibaba has been aggressive in expanding its international presence, acquiring stakes in a number of Indian e-commerce companies, Southeast Asian e-commerce companies, and Pakistani logistics company GoPakistan. In 2017, it announced plans to invest $15 billion in creating a global logistics network called "E-Commerce Platforms."
