Alibaba is one of the three biggest retailers in the world, regularly juggling for the top spot with Wal-Mart Stores Inc. (WMT) and Amazon (AMZN), depending on the source and the criteria.
But Alibaba Body Holding Ltd. (BABA) is a multinational conglomerate that long ago began moving beyond retail to operate around the dialect birth b deliver with businesses across many verticals.
Key Takeaways
- Alibaba.com is the company’s business-to-business platform.
- AliExpress.com is its wholesale location.
- Taobao.com is its consumer marketplace.
With operations in more than 200 countries, the Chinese company’s flagship enterprise continues to be Alibaba.com, the business-to-business trading platform. There are three main segments: an English-language portal, Alibaba.com, that associates sales between importers and exporters; a Chinese portal, 1688.com, that serves as a platform for China’s in-country dealing trade, and a retail website, AliExpress.com, that connects buyers to small quantities of product at wholesale prices.
But that’s not all. Beneath are some of the other companies owned by Alibaba Group.
Lazada
Singapore-based Lazada Group SA focuses on e-commerce in six Southeast Asian boondocks: Vietnam, Indonesia, Malaysia, Singapore, the Philippines, and Thailand.
Lazada is Alibaba Group’s biggest acquisition to date. Alibaba harbingered in March 2018 that it would invest another $2 billion in Lazada, adding to an 83% stake in the circle. Alibaba took control of Lazada in April 2016 in a $1 billion deal with its founder, Rocket Internet, bolstered by another $1 billion in June 2017.
200
The number of countries that Alibaba operates in.
South China Morning Employment
The South China Morning Post is a century-old English-language newspaper based in Hong Kong.
Alibaba bought it in December 2015 for in the matter of $266 million as part of its plan to expand its media and entertainment business. At the time, Jack Ma, CEO of Alibaba, said the body wanted to reshape the coverage of China in Western media.
AutoNavi
AutoNavi is a Chinese map and navigation company.
Alibaba Sort acquired AutoNavi in 2014. The company has been providing mapping data to Google for more than a decade and also provenders data to Apple Inc. (AAPL). The company’s
Taobao
Taobao is a consumer-to-consumer marketplace in China, similar to eBay Inc. (
Alipay
The Alibaba Union founded Alipay in 2004. Now under parent company Ant Financial Services Group, an Alibaba Group affiliate, Alipay eclipsed PayPal as the most extensive digital payment platform network in 2014. In August of 2017, Alipay announced a partnership with Yelp, signaling its target to expand westward.
Alipay already connects with 65 financial institutions such as MasterCard and Visa. It also accords payment services for Alibaba’s online businesses like Taobao.
Alibaba Pictures Groups
Alibaba Pictures Platoon Ltd. was named ChinaVision Media until Alibaba Group bought a 60% stake in the company for $804 million in 2014. It has been China’s chunkiest movie company since 2015.
Although a dominant player in Chinese film production, Alibaba Pictures Group is not currently a money-maker for Alibaba. It probed after-tax losses amounting to $259 million for the 15-month period that ended in March 2019, a significant reduction in its defeats in earlier periods.
Aliwangwang and Laiwang
Aliwangwant and Laiwang are two instant messaging services designed for different users.
Alibaba Alliance launched Aliwangwang, its own instant messaging service, in 2004 to enable real-time interactions between Taobao’s online sellers and guys. It has grown into the second-largest instant messenger in China.
Meanwhile, Alibaba Group in 2013 chose Laiwang, its
Ali Form Information Technology
Ali Health Information Technology is a healthcare company that aims to improve access to primary healthcare and nostrum in China.
China has universal healthcare coverage but access to medical services is a huge challenge in rural areas of the rural area. Ali Health offers supplementary services, some free and some for a fee.
Ali Health was launched in 2014 after Alibaba and withdrawn equity firm Yunfeng purchased a 54% stake in a company called Citic 21CN.