Top 10 Online Companies by Valuation in World 2015
Posted in Top Brand Lists, Total Reads: 1130
Alibaba.com is the primary company of Alibaba group. It is the largest online B2B platform for small businesses.
Alibaba Group Holding Limited is a Chinese e-business organization various B2B and B2C deals online. Began in 1999, Alibaba is headquartered in Hangzhou, China. Since then, the company has expanded its market to online auction hosting, online money transfers, mobile commerce, etc. In 2012, two of the Alibaba’s entries made a sales of 1.1 trillion yuan ($170 billion).
In September 2013, the company thought on bringing an IPO in the US after a deal failed to reach with Hong Kong regulators. 12 months before the company’s debut in market, planning began. Its IPO was priced at US$21.8 billion which increased to US$25 billion. Alibaba has various subsidiaries such as Alipay, Guangzhou, Evergranade Taobao F.C., Taobao, Tmail, and UCWeb. Alibaba is in talks with Snapdeal to enter India.