AliBaba

 

AliBaba

Alibaba Group:

After ringing the New York Stock Exchange listing bell, Chairman Ma responds to cheers with a flashing wand that struck the bell

An Internet platform service company founded in 1999 by Chinese entrepreneur Ma Yun. It is a company that operates Taobao and Alibaba.com. Currently, it is one of the two top Chinese private conglomerates along with Tencent. Now that there are so many different areas of business, it is safe to call it a complex/investment company along with Tencent.

Recently, Alibaba Group is transforming into a high-tech innovative technology company. It established a company that provides science and technology consultants and development and services along with cloud services, and is making unprecedented investments in both fields.

In 2014, it went public on the New York Stock Exchange and was listed.

On September 8, 2018, foreign media reported that Ma would retire. According to the article, from now on, I will focus on education in order to practice my usual motto, "You should teach your juniors in your 50s." reported that the succession plan will be announced.

On September 10, 2018, Alibaba made a statement online. Chairman Ma resigned as chairman of the board of directors in September 2019 and announced that the current CEO, Chang Yong , would take over the position. However, in the process of innovating the Chinese financial system with Ant Group at the fore, he was sanctioned after criticizing the financial regulators for outdated thinking, and Ma's name disappeared from the list of shareholders in the annual report. It is not certain whether the group has actually completely lost control, but it is unlikely that Ma Yun, who hated the Chinese government and the Communist Party, will exert as much influence as before.

The e-commerce sector is divided into domestic and foreign sectors.

2. Business Area:

As is usual for Chinese platform companies, they are investing in various businesses. In particular, in the case of Tencent, as it boldly invests in promising businesses like Alibaba, it is competing in all directions. Of course, they can't even offer business cards to their main businesses, e-commerce and messenger & games.

2.1. E-commerce sector:

• Taobao : An e-commerce site targeting Chinese consumers.
• Tmall : An e-commerce site targeting Chinese consumers. While Taobao is a C2C and B2C format that connects retailers and consumers, Tmall is a B2C shopping mall with official brand malls.
• Alibaba.com: It is a site specialized in B2B transactions, but it sells freely to individuals if you pay money, but it is more suitable for B2B because there is a minimum order quantity.
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• alibaba.com: It is export-oriented, so it is easy to use by directly supporting English, Spanish, and French. In many cases, direct delivery to Korea is also possible, but there are still cases where delivery is more advantageous due to the lack of variety of delivery methods.
• Ali Express: This site is derived from the above site. It specializes in foreign transactions and B2C transactions. You can get items very cheaply at almost the wholesale price level [3], but it is notorious for shipping that takes between a month and a half when using China Post's free shipping.

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3-Other divisions:

First, let's take into account the fact that, due to the characteristics of Chinese, many of the company names or service names are different from those in Greater China and those in non-Chinese countries.

• AliCloud: Provides cloud computing, CDN, and VPS services. A position similar to Amazon AWS. Here, a Linux-based mobile phone operating system called WinOS  is also being distributed. Recently, a big deal with the Chinese government is in progress, and the government-owned Tsinghua Unigroup is considering acquiring Euniceplander, a cloud subsidiary of the group.
• Ant Financial : In charge of financial affairs within the group. It is the world's largest unicorn company with a valuation of $150 billion. I was going to go public in 2020, but the authorities took issue with the loan business that Ant Financial was doing and ended the listing plan. The business is being reorganized for a future listing.
• Alipay : A simple payment service called Chinese version of PayPal. It is operated by Ant Financial and currently has a 55% market share, bisecting the Chinese simple payment market along with Tencent's WeChat Pay (45% share). A representative private financial system in Greater China that boasts the most powerful in name and reality.
• Youku-Tudou Group : the operator of China's largest video / UCC sites Youku and Tudou.
• Ali Music : Music distribution division. Operates music player TTPod and music streaming service Xiami. Partnership with domestic agency SM. Scheduled to end service on February 5, 2021.
• AliSports: Organizer and agency of various sports events. Although it is expanding its influence in e-sports, it is operated quite commercially, pretending to be doing business for the public interest, such as clashes with Kespa. But because Kespa is so rotten, it self-destructs.
• AliOS: It is an operating system for automobiles developed based on the idea that automobiles are not viewed as “internal combustion engines” but as “IoT devices connected to the Internet.”
• It occupies the 2nd place in the connected car market after Google's Android OS.

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4. Other:

Alibaba is famous for offering the highest salaries among Chinese IT companies as of 2020. This is because of Ma Win's philosophy that cash is the most attractive welfare. Of course, in addition to monetary compensation, the company's welfare environment is also top-notch. As the intensity of work is high, it is natural to be concerned about welfare.

On April 10, according to the anti-monopoly law, a fine of 18.28 billion yuan (3 trillion won) was imposed.

This is 12% of the 150.9 billion yuan profit in the third quarter of 2021, which is a level that Alibaba, with its annual sales of 510 billion yuan, can endure.