Website: alibaba.com Twitter: @AlibabaTalk Category : Retail Competitors: Amazon, eBay Model: eCommerce Founded: 1999.
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Competitors: Amazon, eBay
Alibaba Group is a privately owned Hangzhou-based group of Internet-based eCommerce businesses including business-to-business online web portals, online retail and payment services, a shopping search engine and data-centric cloud computing services. In 2012, two of Alibaba’s portals together handled $170 billion in sales, more than competitors eBay and Amazon.com combined. The company primarily operates in the People’s Republic of China, and in March 2013 was estimated by The Economist magazine to have a valuation between $55 billion to more than $120 billion.