24/06/2021
Lets get understand interesting facts about Biggest companies in the world
Alibaba Group
-Alibaba was founded in 1999 by Jack Ma with an initial round of funding of $60,000 within two hours from 18 people.
-Alibaba is a character from the folktale “Alibaba and the Forty Thieves”.
-The Chinese giant controls over 80% of B2B online commerce operations, connecting Chinese manufacturers to the world.
-Alibaba’s IPO is the largest than Google, Facebook and Twitter Combined.
-Alibaba has over 300M customers- short of the US populations.
-On a single promotional day in November 2013, Alibaba recorded sales of over $5.6Billion.
-The biggest shopping site under the Alibaba umbrella is Taobao, where 7m merchants sell their wares.
-Over 50% of parcels sent in china are Alibaba Parcels.
-By June 2019, Alibaba mobile user base had grown to 1.1 billion with the revenue growth by 42%.
-The company had grown to 86,000 staffers worldwide and deliver 57 million packages via its Cainiao Network.
-Alibaba with its three main e-commerce sites i.e. Taobao, Tmall and Alibaba.com is the most engaging tens of millions of online users daily.
-In the year 2003, Alibaba rolls out its consumer e-commerce site, Taobao, and launches Alipay an online payment system.
-The Chinese e-commerce giant, Alibaba, starts trading on the New York Stock Exchange under the listing BABA.
-In 2013, Alibaba’s websites handled $240 billion in sales, double the size of Amazon, triple the size of eBay, and one-third more than competitors.
-During Black Friday, Alibaba processed more than $5.75 billion in sales.
-Chinese giant Alibaba has 231 Million annual active buyers who make 11.3 billion orders per year.
-The Company has over 2.8 million supplier online storefronts and over 5,900 product categories.
-Jack Ma, the founder of Alibaba’s has a net worth of $10billion making him the eighth richest person in China.
-In the initial days, Alibaba hired inexperienced people from rural farming backgrounds as the first sales team.
-Some Subsidiaries of Alibaba include Alibaba Pictures, Amblin Partners, Amblin Entertainment, DreamWorks Pictures, Ant Financial, etc.
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