Jack Ma, along with 18 others, founded Alibaba in 1999 and worked out of his apartment. Now the company is China's biggest e-commerce player, expanding into areas like cloud and food delivery. CNBC takes a look at the key moments in Alibaba's history.
Since its founding in 1999, Alibaba has gone from being a traditional e-commerce company to a conglomerate that has businesses from logistics to food delivery and cloud computing. It is now a company valued over $460 billion.Alibaba founder Jack Ma holds a meeting in his apartment in 1999, the year the Chinese e-commerce giant was established.The group worked out of Ma's apartment in the Chinese city of Hangzhou, where Alibaba is now headquartered.
However, Alipay has proved to be a controversial asset throughout Alibaba's history, causing the company and its founder Ma, to clash with key shareholders Yahoo and SoftBank.Alibaba.com founder Jack Ma and Yahoo's chief operating officer at the time Daniel Rosensweig during a joint press conference to announce their deal in Beijing, 11 August 2005. Yahoo Inc signed a deal to buy 40 percent of Alibaba.
Tmall has positioned itself as a place where foreign brands can set up an online store and sell to Chinese consumers.September 2009: Cloud business launchedCloud computing is the second-largest revenue source for the company, and its fastest-growing businesses.last year that cloud will be the firm's "main business" in the future.
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