ALIBABA GROUP OFFERINGS  
History and Milestones

Alibaba Group is established by its 18 founders, led by Jack Ma, working out of Jack Ma’s apartment in Hangzhou. Its first website is English-language Alibaba.com, a global wholesale marketplace.
The early Alibaba team working out of Jack Ma’s apartment
October
• Alibaba Group launches a China marketplace (currently known as 1688.com) for domestic wholesale trade.
Official launch ceremony of Alibaba.com
October
Alibaba Group raises US$5 million from a consortium of investors.