Alibaba Group Holding Limited is a Chinese holding company which largely specialises in e-commerce, retail, and technology. Alibaba gets it's name from the Middle Eastern folk tale collection One Thousand and One Nights. The company was established on the 4th of April 1999 by Jack Ma, who famously applied for 30 different jobs and got rejected by all.
Alibaba provides consumer-to-consumer (C2C), business-to-consumer (B2C), and business-to-business (B2B) sales services via its platforms. It also provides electronic payment services, shopping search engines, and cloud computing services. It owns and operates a diverse array of businesses around the world in numerous sectors.
Alibaba has recently been on an acquisition-led growth spurt, acquiring and investing in a number of international companies including its $728 million USD acquisition of Turkish Trendyol Group, a mobile commerce platform that sells 70 million items per year.
Alibaba Group is listed on the New York Stock Exchange (NYSE) under the symbol BABA.
Core commerce - The core commerce segment is comprised of platforms operating in retail and wholesale commerce in China, retail and wholesale commerce - cross-border and global, logistics services, local consumer services and others. In the year end 31 March 2019, core commerce segment accounted for 85.82% (RMB 323,400 million) of total revenue.
Cloud computing - The cloud computing segment is comprised of Alibaba Cloud, which offers a complete suite of cloud services to customers worldwide, including elastic computing, database, storage, network virtualisation services, large scale computing, security, management and application services, big data analytics, a machine learning platform and IoT services. In the year end 31 March 2019, cloud computing segment accounted for 6.55% (RMB 24,702 million) of total revenue.
Digital media and entertainment - The digital media and entertainment segment serves consumers through two key distribution platforms, Youku and UC Browser, and through Alibaba Pictures and other diverse content platforms that provide online videos, films, live events, news feeds, literature and music, among other areas. In the year end 31 March 2019, digital media and entertainment segment accounted for 6.39% (RMB 24,077 million) of total revenue.
Innovation initiatives and others - The innovation initiatives and others segment includes businesses such as Amap, DingTalk, Tmall Genie and others. In the year end 31 March 2019, innovation initiatives and others segment accounted for 1.24% (RMB 4,665 million) of total revenue.
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