Chinese Amazon- Taobao Alibaba Group

http://money.cnn.com/2016/02/05/technology/alibaba-taobao-cyberattack/

Alibaba Group is a Chinese e-commerce platform which offers the trade or sales via website between customers and clients, customers and producers. It provides electronic payment service as well. Their biggest businesses include Alibaba.com, a trading platform; Taobao.com, an online shopping site comparable to eBay; Tmall.com, a retail platform; Juhuasuan.com which offers on sale product; 1688.com, a wholesale marketplace for Chinese small business and so forth. Alibaba Group was established in 1999 by 18 founders led by Jack Ma, they working out of Jack Ma’s apartment in Hangzhou. Its first website is English-Language Alibaba.com, a global wholesale marketplace.

Since Jack Ma and other 17 founders started their first online marketplace-Alibaba.com in 1999. “Twenty years ago, I went away on business in Seattle. Introduced by Bil Aho my life first contact with the computer, contact the internet. After backed to China, I borrowed twenty thousand dollars to start an internet business.” (Ma Yun,) After his business trip to Seattle, he found his interests on the web, and he starts thinking about why not sell product through the internet. Instead of shopping in the store, people can buy thing through the internet. In another word, the computer, the internet inspired him.

https://www.alibaba.com/
Then he began his business by giving up his job, work as an English teacher in From 1999 to The first phase of their business was capital financing and exploring Alibaba. Till 2000, Alibaba successfully raised $25million from various some other banks institutions, such as Softbank, Goldman Sachs. Then in may 2003, Talbao.com was founded as an e-commerce platform. In April 2004 they established the first online payment website, named Zhifubao.
In November 2007, Alibaba.com successfully came to the market of Hong Kong Stock Exchanges. Here is the second phase of their business, which is focusing on investment and exploring their market. September 200, Alibaba Cloud Computing is established with Alibaba Group’s 10th-anniversary celebration. In April 2008, Taobaomall.com was founded, a retail website which separates from Taobao.com. In July 2010 Alibaba Group announced that the Alibaba Partnership is established to ensure the sustainability of Alibaba Group’s mission and values. In August 2010, the mobile Taobao App was launched. In January 2012, Alibaba Group established the Alibaba Foundation to achieve their social responsibilities. In June 2012, Alibaba delisted from Hong Kong Stock Exchange, and also they ended the privatization of their business. In September 2012, Alibaba Group completed the repurchase of 20% shares from Yahoo. In February 2014, Tmall Global was officially launched which enable international brands to offer products directly to consumers in China. The milestone of Alibaba, In September 2014, Alibaba Group goes public on the New York Stock Exchange.