13/03/2022
Alibaba Group (NYSE: BABA, HKEx: 9988), founded in 1999, is a comprehensive enterprise group mainly providing Internet services in mainland China. It currently implements a dual headquarters system located in Hangzhou, Shanghai and Beijing. Alibaba was founded in Hangzhou by Jack Ma after climbing the Great Wall in Beijing.
Alibaba's services include B2B trade, online retail, shopping search engine, third-party payment and cloud computing services. The Group's subsidiaries include Alibaba B2B, Taobao, Tmall, Yitao.com, Alibaba Cloud Computing, Juhuasuan, AliExpress, Alibaba International Marketplace, Ele.me, Fliggy, Youku, Hema Xiansheng, Alibaba Films, Cainiao Network, AutoNavi, Lazada, Daraz, etc. Its Taobao and Tmall sales reached 1.1 trillion yuan in 2012, and the total merchandise transaction volume in 2015 exceeded 3 trillion yuan, making it the world's largest retailer.
For the fiscal year ended September 2012, based on US accounting standards, Alibaba's revenue increased by 74% year-on-year to 31.839 billion yuan (HKD‧Same below), and its profit surged 80% to 3.775 billion yuan. For the full year of 2015, Alibaba's revenue was US$14.601 billion and its net profit was US$7.494 billion. In 2017, according to the IPO prospectus submitted by Alibaba Group to the US Securities and Exchange Commission, Yahoo held 22.6% of Alibaba Group, Softbank held 34.4% of Alibaba Group, and management, employees and other investors held a total of 22.6% of the shares. About 43%, of which Jack Ma holds about 8.9% of Alibaba Group and Cai Chongxin holds 3.6%
In November 2019, Alibaba Group was listed on the Hong Kong Stock Exchange for the second time. The Hong Kong financial circles collectively refer to the first letters of the English names of four Chinese mainland technology stocks, Alibaba, Tencent (HKEx: 700), Meituan Dianping (HKEx: 3690), and Xiaomi (HKEx: 1810). "ATMX" shares
On November 26, 2019, Alibaba Group's Hong Kong stock market was listed, with a total market value of over 4 trillion yuan, making it the "new king" of Hong Kong stocks. In August 2020, the total market value of Alibaba Group's Hong Kong stocks exceeded 6 trillion for the first time.
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