Alibaba is China's biggest ecommerce platform, which has been doing incredible business in the online market.
Transactions on Alibaba's various sites has been increasing steadily, which is more than many ecommerce players combined, which shows the incredible position of the company in the ecommerce industry. Alibaba executes about 80% of China’s e-commerce transactions and it is still continues to grow at a fast rate.
Alibaba turned Singles’ Day into a shopping holiday — Alibaba’s consumer shopping websites reported sales of $14.32 billion (up 60% from 2014) in transactions on just one day; more than the total sales made online on Black Friday and Cyber Monday in the US.
The Alibaba Group runs online marketplaces which include -
Alibaba.com – their primary marketplace and a business-to-business (“B2B”) platform for wholesale trade
Tmall– a business-to-consumer (“B2C”) marketplace similar to Amazon
Taobao – a consumer-to-consumer (“C2C”) marketplace similar to eBay,
Alipay – an online payment system
Alibaba is the world's largest retailer as of April 2016 On 5 September 2014, the gathering—in an administrative recording with the US Securities and Exchange Commission—set a US$60-to $66-per-offer value range for its planned first sale of stock (IPO), the last cost of which would be resolved after a global roadshow to gage the speculator enthusiasm for Alibaba shares to shareholders.
Alibaba’s growth grabbed the world’s attention when it went public on September 19, 2014. Alibaba’s IPO priced at US$68 helped in raising US$21.8 for the company. Alibaba entered India's e-commerce space after Ant Financial Services Group, part of Alibaba Group, took 25% stake in One97 which owns Paytm.