![]() It quickly gained worldwide fame and recognition, despite the fact that AliExpress was initially aimed at the United States. In April 2008, the Tmall website opened.įinally, in April 2010, one of the most critical events in the history of Alibaba happened. Soon the Taobao platform was launched, and in 2005 the Alibaba Group began to manage the Chinese division of Yahoo. In addition to the primary function, the Alipay service protected buyers' money from scammers. In 2004, Alibaba Group launched the Alipay service. Therefore, to increase its competitiveness, Alibaba allowed sellers to register on their sites for free. Here, you can see the first incarnation of the Alibaba website.īy the end of 2001, the company became profitable.Īt that time, the already world-famous eBay marketplace announced its immediate plans to move into the Asian market. They invested $25 million in the Alibaba project. In late 1999, Jack Ma managed to attract early investors. Initially, the online store was planned as a platform where small and medium-sized businesses could trade. It was the company's office for the first years. The Alibaba company was founded in Hangzhou in 1999 by a former teacher Jack Ma and his associates. There is an online-to-offline (O2O) food delivery platform in China, Ele.me, and others. Moreover, Alibaba Group also has stakes in several dozen more projects and joint ventures. For example, there is smartphone production, its own mobile operating system, and more. Alipay - an online payment app and a digital wallet service.Īpart from all mentioned above, Alibaba offers many other projects.Aliyun App Store - an analog of the Google Play Market for China. ![]()
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