Alibaba Group Holding Limited, commonly known as Alibaba, is a Chinese multinational conglomerate focusing on e-commerce, retail, internet, and technology. Founded on June 28, 1999, by Jack Ma and a team of 17 others, Alibaba aims to connect Chinese manufacturers with international buyers. Headquartered in Hangzhou, Zhejiang, China, the company has rapidly grown into one of the largest e-commerce platforms globally, boasting a user base spanning numerous countries. As of recent figures, Alibaba has secured significant investments from entities like SoftBank Group and Yahoo. The company's diverse range of services, from digital payments and cloud computing to logistics, underscores its broad industry reach.
June 2025: Alibaba announced its financial results for the quarter ending June 2025, reporting a revenue of RMB247,652 million (US$34,571 million), marking a 2% increase from the previous year. Despite a slight decline in income from operations due to increased investments, the company saw strong growth in its Cloud Intelligence Group, particularly in AI-related products which have seen triple-digit growth for consecutive quarters.
March 2025: For the fiscal year ending March, Alibaba's revenue grew by 6% to RMB996,347 million (US$137,300 million). The company's focus on AI and cloud services, along with its e-commerce segment's performance, were key contributors to its robust financial year.
February 2025: Alibaba has been actively integrating AI technologies into its business model, focusing particularly on its Cloud Intelligence Group. The company reported a 13% increase in cloud revenues attributed to AI innovations and increased international adoption.
Attribute | Information |
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Founding Date | June 28, 1999 |
Headquarters | Hangzhou, Zhejiang, China |
Founders | Jack Ma, Peng Lei, and others |
Revenue | RMB996,347 million (US$137,300 million) FY 2025 |
Profits | RMB140,905 million (US$19,417 million) FY 2025 |
Key Investors | SoftBank Group, Yahoo! |
Industry | Internet, e-commerce |
Number of Employees | Approximately 123,711 as of mid-2025 |
Alibaba was founded in 1999 by Jack Ma and his partners with the vision to support small Chinese businesses in reaching global markets. The idea stemmed from Ma’s realization of the vast potential of the internet for business while in San Francisco. The company's first product was Alibaba.com, a B2B marketplace that quickly became profitable by 2002. Alibaba's rise to prominence was further catalyzed by Yahoo's investment of $1 billion in 2005, which also helped the company expand its presence internationally.
Alibaba's business model is distinguished by its broad range of services, from e-commerce to cloud computing, and it derives revenue through several streams, such as transaction fees, membership fees, advertisements, and cloud services.
Currently, Alibaba holds a robust position in global e-commerce and technology sectors. It continues to lead in the Chinese market while expanding its digital commerce footprint internationally. The company's investments in artificial intelligence and cloud computing underline its strategy to capitalize on emerging market trends.
Alibaba Group remains a powerhouse in the e-commerce and technology sectors, continually evolving through strategic investments in AI and cloud computing. As of 2025, its financial health is strong, supported by diverse revenue streams and significant global market presence. With ongoing innovations in technology and expansion strategies, Alibaba is well-positioned to maintain its leadership in the digital economy.