- Business
- Alibaba Group Holding Limited (BABA.SW) operates as a multinational technology company specializing in e-commerce, cloud computing, digital media, and logistics services. Founded in 1999 and headquartered in Hangzhou, China, the company provides digital retail platforms including Taobao and Tmall for consumer-to-consumer and business-to-consumer transactions; wholesale marketplaces such as 1688.com and Alibaba.com; international e-commerce platforms like AliExpress, Lazada, Trendyol, and Daraz; local consumer services encompassing on-demand delivery via Ele.me, mobile mapping through Amap, and travel bookings on Fliggy; logistics solutions under Cainiao; cloud infrastructure and AI services through Alibaba Cloud, featuring elastic computing, storage, security, databases, big data, and generative AI tools like Model Studio; digital entertainment platforms including Youku and Damai; collaboration tools via DingTalk; and additional offerings such as Freshippo for groceries, Alibaba Health for medical solutions, Lingxi Games for mobile gaming, UC Browser, Quark, and Tmall Genie smart devices. The company serves merchants, brands, retailers, enterprises, and consumers primarily in China and internationally across regions including Southeast Asia, Europe, Latin America, and the Middle East. Recent developments include a deepened strategic partnership with Bosch in September 2025 to advance AI-powered digital innovation; acquisition of a Hong Kong office property at One Causeway Bay with Ant Group in October 2025, marking the largest such transaction in the city since 2021; launches of new data centers in Malaysia, the Philippines, South Korea, Thailand, Mexico, Brazil, France, and the Netherlands through Alibaba Cloud's international expansion; introduction of the Qwen3-Max AI model with over a trillion parameters and an Nvidia partnership announced in September 2025; enhancements to AliExpress via the "Brand+" program and AI applications in international wholesale; a planned $1.53 billion exchangeable bond raise in July 2025 to fund cloud and global commerce growth; and the launch of the AI Catalyst Program to support global AI companies with credits and resources.