Holding Limited (NYSE: BABA) is
China's biggest online commerce company which provides
consumer-to-consumer, business-to-consumer and business-to-business
sales services via web portals. Its three main sites — Taobao,
Tmall and Alibaba.com — have hundreds of millions of users, and
host millions of merchants and businesses. Alibaba handles more
business than any other e-commerce company.
<p>The firm was launched in 1999 when Jack Ma founded
the website Alibaba.com, a business-to-business portal to connect
Chinese manufacturers with overseas buyers. In 2012, two of Alibaba’s
portals handled 1.1 trillion yuan ($170 billion) in sales.
<p>In 2014 Alibaba became one of the most valuable tech
companies in the world after raising $25 billion from its U.S. IPO.
It is also one of the most valuable Chinese public companies, ranking
among some of the country’s state-owned enterprises.