Alibaba Group is trying to raise $24.3 billion dollars for it’s upcoming initial public offering (IPO). An IPO is when the company offers shares to be sold to the public on the securities exchange. For more details on Alibaba’s IPO information follow this link: Alibaba IPO.
There is no actual set date for the launch for when the trading begins. Alibaba Group has various companies such as: alibaba.com, taobao.com, aliexpress, 1688.com, aliwangwang, alimama.com, tmall.com, and aliyun.com.
Aibaba company was founded in 1999 by Jack Ma in Hangzhou, Eastern China. The company is an internet e-commerce, and computer software company. The company operates mainly in China and across the world.
Alibaba’s main business core is an online business to business trading platform. The platform is mainly for small business and large businesses, although anyone can use this platform. alibaba.com is an english language marketplace for worldwide trade. This platform was founded on the basis to help small exporters to perform in manufacturing and trading in China and globally. For the Chinese audience only, Alibaba released a website 1688.com for domestic market in China.
There are various subsiaries of Alibaba group:
In describing a few, there is taobao.com, and aliwangwang.
Taobao.com is a online platform which serves consumer to consumer transactions in China’s market. This website was founded in 2003.
Alipay.com is an online payment platform. Alipay is a payment system that allows trust between buyers and sellers online. Alipay was developed by alibaba and since broke off since 2011, although Alibaba still works this payment platform.
In 2004, Aliwangwang messenger was launched for computers to help in instant messenger such as text, video, and audio communications between buyers and sellers on the Taobao.com website.
The Alibaba company was built on various e-commerce websites, applications, platforms, payment systems that enable for the flow of business to business, consumer to consumer and business to consumer transactions.