Taobao -- Consumer-to-consumer e-commerce. Tmall -- Business-to-consumer e-commerce. As websites go, Taobao and Tmall may look a little unimpressive and dated, but they are largely the powerhouses behind Alibaba's success and they handle more merchandise than eBay and Amazon put together. Alibaba doesn't sell merchandise via these sites; they provide the environment for trading between buyers and sellers, and revenue is earned primarily through advertising and commissions.
Alibaba has been a boon to the packing and shipping industry, as well as the infrastructure that supports it. Six out of 10 packages sent out in China are sent through one of Alibaba's sites. It has been predicted that Chinese e-commerce will surpass that of the US, Britain, Japan, Germany, and France combined in the next six years, signifying even more potential. Jack Ma is definitely a character you will be seeing more of. Currently the chairman of Alibaba, he started the company in his apartment in with 18 initial workers the name "Alibaba" was chosen as a reference to the story Alibaba and the Forty Thieves.
Jack Ma flunked math and his college entrance exams and at one point couldn't get a job at KFC. He has also said he wants the company to last at least years so that it will have spanned three centuries. Despite being a large company, Alibaba takes its dedication to people -- both customers and employees -- quite seriously. Its group mission is "to make it easy to do business anywhere.
Nothing should be taken lightly as we encourage our people to 'work happily, and live seriously. To thrive in China's developing retail technology infrastructure, Alibaba will need to stay as nimble and forward thinking as possible in the mobile space, as more consumers million begin using their phones to make purchases. It's clear that it has made some strategic moves to further that mission; in Alibaba released a mobile OS called Aliyun, or Yun OS, which is a customized version of Linux.
In , more than one million smartphones received it. Alibaba's financials paint a more complicated picture. Click the arrows to explore:.
Taobao is Alibaba's biggest shopping site. It's home to seven million merchants selling everything from tiger-striped leather jackets to origami decorations. When Alibaba needs a new innovation, it goes back to his old apartment for inspiration.
Ma and other top brass nominate more than half of Alibaba's board members. Alibaba chose to list in the U. Most companies, when they're doing good, they enjoy today's wonderful life. They don't worry about five years later—but I worry about five years later. What's Jack Ma's philosophy? Investors can get a taste from a letter Mr. Ready to Ship. Hong Kong S. Home location location of alibaba location of alibaba. Contact Supplier. CN Elite Optoelectronics Co. Go to Page Go. About products and suppliers: Alibaba.
Take a momentary look-back;. We have set medium-term goals for fiscal year continue to expand our globalization efforts, serve more than 1 billion consumers through our China consumer business, and facilitate more than RMB10 trillion of annual consumption on our platforms. We believe the goals for fiscal year put us closer to achieving our vision for fiscal year serve 2 billion global consumers, enable 10 million businesses to be profitable and create million jobs.
Investor Information When was Alibaba Group listed? We have no present plan to pay any dividends on our ordinary shares in the foreseeable future.
We intend to retain most, if not all, of our available funds and any future earnings to operate and expand our business. Any future determination to pay dividends will be made at the discretion of our board of directors and may be based on a number of factors, including our future operations and earnings, capital requirements and surplus, general financial condition, contractual restrictions and other factors that the board of directors may deem relevant.
We will provide a hard copy of our annual report, free of charge, to our shareholders and ADS holders upon request. Requests should be directed to Investor Relations Department, investor alibaba-inc.
You may visit the Investor News and Events page to find out our upcoming results announcement date.
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