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AliExpress (Chinese: 全球速卖通) is an online retail service based in China and owned by the Alibaba Group. [1] Launched in 2010, [ 2 ] [ 3 ] it is made up of small businesses in China and other locations, such as Singapore , that offer products to international online buyers.
Alibaba.com has three main services: the English language portal Alibaba.com, which handles sales between importers and exporters from more than 240 countries and regions, [82] the Chinese portal 1688.com, which manages domestic B2B trade in China, and AliExpress.com, a global consumer marketplace. [83]
Revenue from international commerce retail business increased by 36% to RMB 31.6 billion, primarily driven by the increase in revenue contributed by AliExpress and Trendyol.
Alipay (simplified Chinese: 支付宝; traditional Chinese: 支付寶; pinyin: zhīfùbǎo) is a third-party mobile and online payment platform, established in Hangzhou, China in February 2004 by Alibaba Group and its founder Jack Ma.
[10]: 55 This involved separating core production functions of the SOEs from the noncore business and social welfare functions, and putting the production functions into subsidiaries which could be publicly listed as joint stock companies. [10]: 55
Daniel Zhang Yong (simplified Chinese: 张勇; traditional Chinese: 張勇; pinyin: Zhāng Yǒng) is a Chinese business executive who was the executive chairman and chief executive officer of Alibaba Group. [1] Before becoming Alibaba's chief, Zhang was best known for his roles as CEO of Taobao [2] and president of Tmall (owned by Alibaba).
In June 2011, Jack Ma, executive chairman and former chief executive officer of Alibaba Group, announced that Taobao would split into three different companies: Taobao Marketplace (a consumer-to-consumer platform), Tmall.com (a business-to consumer platform, then called Taobao Mall), and eTao (a search engine for online shopping).
Ant Group (Chinese: 蚂蚁集团; pinyin: Mǎyǐ jítuán), formerly known as Ant Financial, is an affiliate company of the Chinese conglomerate Alibaba Group.The group owns the world's largest mobile (digital) payment platform Alipay, which serves over 1.3 billion users and 80 million merchants, with total payment volume (TPV) reaching CN¥118 trillion in June 2020.