Alibaba.com
| File:Alibaba.png The logo of Alibaba.com. | |
| Type | e-commerce |
|---|---|
| Founded | Hangzhou, China (1999) |
| Headquarters | 6/F Chuangye Mansion, East Software Park, No.99 Huaxing Road, Hangzhou, 310099, China |
| Key people | David Wei, CEO Maggie Wu, CFO |
| Industry | Internet |
| Owner(s) | Alibaba Group (owns 70%) |
| Website | http://www.alibaba.com/ |
Alibaba.com (SEHK: 1688.hk) (simplified Chinese: 阿里巴巴; traditional Chinese: 阿裡巴巴; pinyin: Ālǐbābā) is the world's largest online business-to-business trading platform.
Founded in 1999 by Jack Ma, Alibaba.com, as of 31 March 2009, had more than 40 million registered users and 5 million virtual storefronts, and reaches buyers and sellers in more than 240 countries and territories.[1]
Business
The English-language web site alibaba.com specializes in business-to-business trades between buyers and sellers in more than 240 countries and territories around the world. The Chinese-language web site china.alibaba.com focuses on business-to-business trades within China. The Japanese language website "Japan.alibaba.com," a joint venture with Softbank, is for Japanese customers.
Listing
On 31 July 2007, Alibaba announced plans for an IPO in the Hong Kong Stock Exchange, hoping to raise HK$7.8 billion (US$1 billion).[2]
Alibaba.com was listed in the Hong Kong Stock Exchange at the IPO price of HK$13.5 on 5 November 2007, raising HK$11.6 billion (US$1.5 billion) in the second-largest initial public offering sale of an Internet company after Google Inc. The implied PE ratio of the IPO price was more than 100, for expected 2007 results. It closed at HK$39.5, nearly 190% up, a PE ratio of about 300, and the largest first-day gain in stock price of any stock listed that year.
Customer communications in North America
On 3 April 2008 Alibaba.com started its first official blog targeting the international small and medium sized enterprise (SME) community, with a special emphasis on communicating with businesses in the United States. The blog, the AliBlog (www.aliblog.alibaba.com) is marketed as "the latest word from Alibaba.com on our news, events, and community" while promising to be an official source for information and opinion from an employee's perspective on Alibaba.com. [3]
References
- ↑ [1]
- ↑ "Alibaba Initiates IPO Plans In Hong Kong". ChinaTechNews.com. 2007-07-31. http://www.chinatechnews.com/2007/07/31/5693-alibaba-initiates-ipo-plans-in-hong-kong/.
- ↑ "Battle of the blogs: eBay and Alibaba". AuctionBytes. 2008-04-05. http://blog.auctionbytes.com/cgi-bin/blog/blog.pl?/pl/2008/4/1207425524.html.
External links
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