History and Milestones
Alibaba Group was established in 1999 by 18 people led by Jack Ma, a former English teacher from Hangzhou, China. From the outset, the company's founders shared a belief that the Internet would level the playing field by enabling small enterprises to leverage innovation and technology to grow and compete more effectively in the domestic and global economies. Since launching its first website helping small Chinese exporters, manufacturers and entrepreneurs to sell internationally, Alibaba Group has grown into a global leader in online and mobile commerce. Today the company and its related companies operate leading wholesale and retail online marketplaces as well as Internet-based businesses offering advertising and marketing services, electronic payment, cloud-based computing and network services and mobile solutions, among others.
Ant Financial Services Group introduces its credit-scoring service, Sesame Credit.
Alibaba Group and Ant Financial Services Group announce the closing of the restructuring of the relationships between the two companies.
Alibaba Group officially launches DingTalk, a mobile group-messaging tool tailored to meet the communication needs of SMEs.
Alibaba Group holds its inaugural Global Conference on Women and Entrepreneurship in Hangzhou.
Alibaba Group’s inaugural Global Conference on Women and Entrepreneurship
Alibaba Group and Ant Financial Services Group announce they will set up a joint venture, named Koubei, to capture opportunities within China’s local services market.
Ant Financial Services Group officially establishes MYbank, one of China’s first privately owned online banks.
Alibaba Group announces the creation of Alibaba Music Group.
Alibaba Cloud issues a data protection pact for its worldwide cloud consumers.
Announcement of the Alibaba Cloud data protection pact
Alibaba Group and Suning enter into a strategic alliance to build on synergies in e-commerce, logistics and O2O Initiatives.
Alibaba Cloud announces plans to open its international headquarters in Singapore.
Alibaba Group establishes the Alibaba Sports Group together with Sina Corporation and Yunfeng Capital.
Alibaba Group announces the expansion of its London office to serve as the company’s European hub.
Alibaba Group and Youku Tudou announce their entry into a definitive merger agreement.
Alibaba Group officially launches the Alibaba Entrepreneurs Funds for Hong Kong and Taiwan.
Launch of the Hong Kong Entrepreneurs Fund
Alibaba Group enters into a definite agreement to acquire the South China Morning Post.