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The History of Alibaba

Credit: The Street
Published on June 13, 2019 - Duration: 01:51s

The History of Alibaba

Alibaba, the Chinese e-commerce giant, reported an earnings beat today.

The company, named after the character from Arabian Nights, was founded in 1999 by Jack Ma and reached profitability by 2001.

In 2014 it's IPO was the biggest in history and by 2017 it became the first Chinese company to achieve a $400 billion market cap.

Some of their products include: Alipay, AliExpress, Taoboa, Yahoo China, and many more.

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