Alibaba Group Holding Ltd - ADR (BABA) Sector
Consumer Discretionary

(Current) $81.35
0.85 (1.06%) Open Price: 81.26

 

Alibaba Group Holding Ltd., often referred to as simply Alibaba, is a multinational conglomerate and one of the world's largest e-commerce companies. Founded in 1999 by Jack Ma and headquartered in Hangzhou, China, Alibaba has evolved into a diverse technology and retail powerhouse, with a significant impact on the global digital economy.

 

Alibaba's core strength lies in its e-commerce platforms, which include Taobao, Tmall, and Alibaba.com. Taobao, one of the company's flagship platforms, is a leading online marketplace that connects consumers with a vast array of products from individual sellers. Tmall, on the other hand, is a premium platform that hosts official stores of established brands, ensuring quality and authenticity in the products offered.

 

Beyond e-commerce, Alibaba has expanded into various other sectors, including cloud computing, digital media, entertainment, and financial services. Alibaba Cloud, the company's cloud computing arm, is one of the largest cloud service providers globally, offering infrastructure and services to businesses and organizations around the world.

 

Alibaba's financial affiliate, Ant Group, operates Alipay, a widely used digital payment platform in China. Alipay has transformed the way people make payments and conduct financial transactions, making it a fundamental part of the digital ecosystem.

 

The company's innovative spirit is reflected in its efforts in artificial intelligence (AI), research and development, and its New Retail concept, which integrates online and offline shopping experiences. Alibaba's data-driven approach has enabled it to tailor offerings, enhance customer experiences, and predict trends in various industries.

 



 

(05/24/24) $81.26
(05/27/24) $80.50
(05/27/24) (Qty.)41,854,666
(05/24/24) $79.73
(05/24/24) $82.56
(05/12/24) $77.72
(05/12/24) $90.46
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