Alibaba Stocks Price Today (BABA)
2022.12.29 11:06
Alibaba is a Chinese multinational technology company that focuses on e-commerce, retail, the Internet, and technology. Alibaba Group Holding Limited is also known as Alibaba.
The company, which was established on June 28, 1999, offers electronic payment services, shopping search engines, cloud computing services, consumer-to-consumer (C2C), business-to-consumer (B2C), and business-to-business (B2B) sales services through web portals. It manages a diverse portfolio of businesses in a variety of business sectors worldwide.
Alibaba’s initial public offering (IPO) on the New York Stock Exchange on September 19, 2014, raised $25 billion, giving the company a market value of $231 billion and being the largest IPO ever held worldwide.
On the Forbes Global 2000 2020 list, it is named the 31st-largest public company in the world and one of the top 10 most valuable corporations. After its rival Tencent, Alibaba became the second Asian company to surpass the US$500 billion valuation mark in January 2018. Alibaba will have the sixth-highest brand valuation in the world by 2020.
Alibaba is one of the largest e-commerce and retail businesses in the world. Additionally, it was ranked as the fifth-largest AI company in 2020. Through its fintech arm, Ant Group, it is the second largest financial services group behind Visa and one of the largest venture capital and investment corporations in the world.
The company operates the world’s largest B2C (Tmall), C2C (Alibaba.com), and B2B (Taobao) marketplaces. Revenues have increased by a factor of three every year as it has entered the media sector. It also set a record during China’s Singles’ Day in 2018, the largest online and offline shopping day in the world.
