Alibaba.com operates Internet properties in the Asian market. The company's flagship site, alibaba.com, connects small- and medium-sized business owners with suppliers and is a significant player in Asian e-commerce.
Business Segments
Alibaba operates under a single operating segment but generates revenues through a number of internet properties.[3]
Alibaba.com
Alibaba.com (1688.HK) is the Alibaba Group's flagship company and the leading B2B e-commerce company in China, serving small and medium sized enterprises in China and around the world.
Alipay.com
Contents
1 Business Overview
1.1 Business & Financial Metrics[1]
1.2 Business Segments
1.2.1 Alibaba.com
1.2.2 Alipay.com
1.2.3 Yahoo! China
1.2.4 Alisoft.com
1.2.5 Alimama.com
1.2.6 Taobao.com
2 Competition
Alipay is an online payment services provider operating under the names "Alipay" and "支付宝" ("Alipay" in Chinese). Alipay's service enables individuals and businesses to execute payments online in a safe and secure manner. Alipay's users are primarily buyers and sellers engaging in e-commerce transactions. Between 2007 and 2020 Alibaba expanded its registered user base from approximately 43.5 million (June 30, 2007) to 654 million. Alipay is an accepted online payment method for many online retail websites and other online goods and service providers in China as well as the designated online payment service provider on our China marketplace and on Taobao. Alipay partners with domestic PRC banks to provide an escrow service for payments, which reduces the settlement risks faced by Alipay's customers in their e-commerce transactions. Alibaba Group founded Alipay, headquartered in Hangzhou, in 2004.
Yahoo! China
In 2005, Alibaba acquired Yahoo's Chinese operations.[4] Yahoo! China's website operates Chinese language portal services, such as email and the provision of finance, sports, lifestyle and entertainment information, as well as a web search service that crawls and indexes web pages generally available on the Internet targeted at individual Internet users in China. Yahoo! China's paying customers primarily consist of advertisers that purchase fixed price banner advertisements, text-links or auction-based pay-for-performance marketing services on Yahoo! China's website. In October 2005, Alibaba Group acquired Yahoo! China in a transaction whereby Yahoo! became a substantial shareholder of Alibaba Group. In connection with this transaction, Yahoo! agreed to grant to Alibaba Group the exclusive rights to use in China the "Yahoo!" name and certain technologies owned by Yahoo!, as well as the right to sub-license these rights to other members of Alibaba Group. Yahoo! China is headquartered in Beijing.
Alisoft.com
Alisoft develops, markets and delivers Internet-based business management software targeting SMEs in China. Alisoft's software provides its customers with various tools, including enterprise management tools, such as email, customer inquiries and information management, and basic financial management tools, such as invoicing and bookkeeping. Alisoft owns the copyright and other proprietary software rights of the "&463;%324;旺旺" ("Aliwangwang" in Chinese) instant messaging communication tool, which is the designated instant messaging communication tool for Taobao and which we offer to our users as TradeManager on our international marketplace and as $152;易$890; (TradeManager in Chinese) on our China marketplace. Alibaba Group founded Alisoft, with operations in Hangzhou and Shanghai, in January 2007.
Alimama.com
Alimama is China's leading online advertising exchange, which allows web publishers and advertisers to trade online advertising inventory. A wholly owned subsidiary of Alibaba Group, Alimama is designed to serve the more than one million small- and medium- sized websites in China which generate an estimated 80% of China's website traffic. Alimama helps connects these web publishers to advertisers, allowing them to monetize their website traffic while offering advertisers an affordable way to reach highly targeted audience groups.
Taobao.com
Taobao is a shopping marketplace for consumers in China. Founded by parent Alibaba Group, it facilitates transactions between individual consumers and a wide range of sellers such as retailers, wholesalers, and other individuals. Similar to eBay, sellers are able to post new and used goods for sale on the Taobao marketplace either through a fixed price or negotiated sale or by auction.
Primary competitors include eBay, yet reports have shown that Taobao has over 65% of the auction market and is growing.
Competition
Competitors include other internet companies in Asia, including EBay (EBAY), Google (GOOG), and Yahoo! (YHOO).