please provide brief information on Ali baba on the following: company, industry
ID: 393181 • Letter: P
Question
please provide brief information on Ali baba on the following:
company, industry, news, lots of data, precise concepts, examples
Clear format/structure Substantive body (thoughtful analysis of case – use specific concept )
Clear, compelling closing Source Company ($ revenue, # employees, # regions/locations, products and scope, business model)
Industry (scope in and out, # companies/competition, regions, trends, outlook)
News (what changed? numbers/data, specifics – e.g., % increase/decrease, etc.)
Explanation / Answer
ALIBABA GROUP
History : Alibaba Group was established in 1999 by 18 people led by Jack Ma, a former English teacher from Hangzhou, China. It launched its first website to help small Chinese exporters, manufacturers and entrepreneurs to sell internationally. Now Alibaba Group has grown into a global leader in online and mobile commerce. Today the company and its related companies operate leading wholesale and retail online marketplaces as well as businesses in cloud computing, digital media and entertainment, innovation initiatives and others.
Revenue: Alibaba is 5th largest internet company by revenue. Since 2010 Alibaba’s net revenue has increased from 6670 million yuan to 250266 million yuan in 2018.
Global presence: The Alibaba Group operates all around the world with businesses across many verticals. With operations in more than 200 countries, the Chinese company's flagship company, of course, is Alibaba.com, the world’s largest business-to-business trading platform.
Employees/Work force: As of March 2018, the Chinese e-commerce corporation had 66,421 full-time employees, up from 50,092 in the previous year. The majority of employees are based in China.
Business Model: Alibaba’s business model is different from its competitors and quite diversified. Three major web portals make up the core of Alibaba's business Alibaba, Taobao, and Tmall. All three of these e-commerce websites serve to connect various types of buyers and sellers, wherein Alibaba acts as a middleman.
Businesses: -
1.E-commerce and retail service platforms
In 2016, Alibaba's Taobao and Tmall two of the world's largest and most popular online retail marketplaces, achieved a total transaction volume of 3 trillion yuan (US$478.6 billion).
The company aims to double the transaction volume to 6 trillion yuan by 2020. As of February 2018, Taobao reached 580 million monthly active users, while Tmall achieved 500 million monthly active users
2. Alibaba.com: The Company’s English language portal Alibaba.com handles sales between importers and exporters from more than 240 countries and regions. In addition, Alibaba.com offers a transaction-based retail website, AliExpress.com, which allows smaller buyers to buy small quantities of goods at wholesale prices.
3. Aliexpress: It allows small businesses in China to sell to customers all over the world, resulting in a wide variety of products.
4. Taobao: It is an online consumer to consumer online shopping platform.
5. Fliggy : It is an online travel platform, which is designed as an online mall for brands such as airline companies and agencies. Fliggy set the target audience as younger generation and it strives to become a one-stop service when they plan their trips, particularly in overseas travel.
6. Lazada: A marketplace model that allowed third-party retailers to sell their products through Lazada's site.
Other than these Alibaba group also has businesses in venture capital, mobile internet software technology and services, sports, health, messaging service etc.
Competitors: Global competitors are Amazon Inc and e-Bay Inc. Local competitors include tencent & JD.com.
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