It is important for the fashion industry to learn
about the success of Alibaba.
Alibaba Group was founded in 1999 by 18 people led
by Jack Ma, a former English teacher from Hangzhou, China.
The founders started their company to champion
small businesses, in the belief that the Internet would level the
playing field by enabling small enterprises to leverage innovation and
technology to grow and compete more effectively in the domestic and
Alibaba has grown larger and stronger ever since.
Alibaba.com, the primary company of Alibaba, is the world's largest
online business-to-business trading platform for small businesses
Here is a portion of the company's timeline:
In December 1998, Jack Ma and 17 other founders
released their first online marketplace, named "Alibaba Online".
From 1999 to 2000, Alibaba Group raised a total of
US$25 million from SoftBank, Goldman Sachs, Fidelity and some other
In May 2003, Taobao was founded as a
consumer e-commerce platform.
In December 2004, Alipay, which started as a
service on the Taobao platform, became a separate business.
In October 2005, Alibaba Group took over the
operation of China Yahoo! as part of its strategic partnership with
In November 2007, Alibaba.com successfully listed
on the Hong Kong Stock Exchange.
In April 2008, Taobao established Taobao Mall
(Tmall.com), a retail website, to complement its C2C marketplace.
In September 2008, Alibaba Group R&D Institute was
In September 2009, Alibaba Group established
Alibaba Cloud Computing in conjunction with its 10-year anniversary.
In October 2010, Taobao beta-launched eTao
as a shopping search engine.
In June 2011, Alibaba Group reorganized Taobao into
three separate companies: Taobao Marketplace, Taobao Mall (Tmall.com)
In July 2011, Alibaba Cloud Computing launched its
first self-developed mobile operating system, Aliyun OS over K-Touch
In January 2012, Tmall.com changed its
Chinese name as part of a rebranding exercise.
In March 2014, Alibaba group said it will begin the
process of filing for an initial public offering in the U.S.
Prior to its IPO filing on Form F-1 as a foreign
issuer in the U.S., Alibaba undertook an aggressive acquisition spree –
previously atypical for the company – acquiring numerous majority and
minority stakes in companies including micro-blogging service Weibo,
China Vision Holdings, and car sharing service Lyft, as well as smart
remote app developer Peel Technologies.
On 6 May 2014, Alibaba Group filed registration
documents to go public in the U.S. in what may be one of the biggest
initial public offerings in American history.
In June 2014, Alibaba acquired the Chinese mobile
internet firm UCWeb.
On 19 September 2014, Alibaba's shares (BABA) began
trading on the NYSE.
On 2 February 2015, Alibaba announces that it has
acquired a $590m minority stake in the Chinese smartphone maker Meizu.
Above is only a portion of the companies
accomplishments and history. To learn more, you can visit their
Alibaba.com is the world's largest marketplace for global trade and
the leading provider of online marketing services for importers and
exporters. It is the place for buyers and suppliers to find trade
opportunities and promote their businesses online. Alibaba.com is not a
trading company but rather an online business platform, where you can
search or post information to find potential business partners.
AliExpress: Online Shopping for low cost fashion, beauty products,
jewelry, shoes, and much more. Purchase from Chinese suppliers and
receive merchandise internationally.