Alibaba Group

Hangzhou, ZhejiangFounded 1999

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To make it easy to do business anywhere. Alibaba Group is a global technology company focused on e-commerce and cloud computing, providing digital and logistics infrastructure, efficiency tools, and marketing reach for merchants, brands, and retailers.

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Founding Story

Alibaba Group was founded on June 28, 1999, by Jack Ma and 17 of his friends and students in his Lakeside Gardens apartment in Hangzhou, China. Jack Ma, a former English teacher, visited the United States in 1995 as an interpreter for a trade delegation and discovered the internet. He was inspired by the potential of e-commerce to level the playing field for small enterprises. The 18 founders believed that the internet would allow small businesses to use innovation and technology to compete more effectively in domestic and global economies. They started Alibaba.com as a B2B marketplace designed to help Chinese small and medium-sized enterprises export products to the global market. The company's name 'Alibaba' was chosen because it is a globally recognized name from the Arabian Nights story, symbolizing 'open sesame' - opening doors for businesses worldwide.

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Leadership

Founders

Jack Ma (Ma Yun)

Former English teacher from Hangzhou, China. Earned an English degree from Hangzhou Teacher's Institute in 1988 and worked as an English and International Trade lecturer. Founded China Yellow Pages before starting Alibaba in 1999. Led the group of 18 founders who established the company.

Joseph Tsai (Joe Tsai)

Co-founder and second-largest individual shareholder. Holds degrees in Economics and East Asian Studies from Yale College and a Juris Doctor from Yale Law School. Previously worked as an investment banker, was a private equity investor with Investor AB (1995-1999), served as general counsel of Rosecliff, Inc., and was an associate attorney at Sullivan & Cromwell LLP (1990-1993). Joined Alibaba in 1999 as CFO.

Lucy Peng

Former lecturer at Zhejiang University of Finance and Economics. Currently CEO of Lazada (Alibaba's Southeast Asian e-commerce platform).

Jin Jianhang

Graduate of Fudan Journalism School. Previously worked for Zhejiang Daily and International Business Daily. Served as President of Alibaba Group.

Cathy Zhang

Married to Jack Ma. Former member of the management team, currently a full-time homemaker.

Eddie Wu (Wu Yongming)

The company's first programmer. Holds a Computer Science degree from Zhejiang University of Technology. Currently serves as CEO and Chairman of AliHealth.

James Sheng

Former commercial artist and designer. Created the Alibaba smile logo. Currently Managing Director of Alibaba Singapore and Senior Vice President.

Simon Xie

Holds a degree in Financial Management. Previously worked for China National Air Separation Engineering Co. Ltd. Currently Vice President of Alibaba China Investment Team.

Lou Wensheng

University mate of Jack Ma at Hangzhou Teacher's Institute. Former employee at China Yellow Pages.

Jin Yuanying

Former student of Jack Ma at Hangzhou Dianzi University.

Zhou Yuehong

Former student of Jack Ma at Hangzhou Dianzi University. Java Architect who developed the WebX framework for Taobao.

Shi Yufeng

Former employee of the Central Weather Bureau who worked on the internet.

Sun Tongyu

Husband of Lucy Peng and part of the original 18-member founding team.

Jane Jiang

One of the 18 original founders.

Han Min

One of the 18 original founders.

Executive Team

Joseph C. Tsai (Joe Tsai)

Executive Chairman

Co-founder who joined Alibaba in 1999. Previously served as CFO (1999-2013) and Executive Vice Chairman (2013-2023). Former investment banker with experience at Investor AB and Sullivan & Cromwell LLP. Holds degrees from Yale College and Yale Law School. Also serves on the board of Ant Group.

Eddie Wu (Wu Yongming)

Director and Chief Executive Officer

One of the 18 original founders and the company's first programmer. Partner in Zhejiang Ricebank Asset Management Co., Ltd. and Partner of Alibaba Partnership. Holds Computer Science degree from Zhejiang University of Technology.

Business Model

Revenue Model

Diversified revenue model including: (1) Customer management services - online marketing and advertising fees from merchants on e-commerce platforms; (2) Cloud computing services - subscriptions and usage-based fees for infrastructure, platform, and software services; (3) Commission fees - transaction fees from e-commerce platforms; (4) Wholesale marketplace fees; (5) Logistics services; (6) Digital media and entertainment subscriptions; (7) Local consumer services commissions

Public company. Listed on the New York Stock Exchange (NYSE: BABA) since September 19, 2014 with record-breaking $25 billion IPO. Also listed on the Hong Kong Stock Exchange (HKEX: 9988) since November 2019. Planning IPO for AI chipmaking unit T-Head in 2026.