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Alibaba Group has gone beyond the Internet
The Chinese company Alibaba Group, which is now preparing to enter the US stock market, is known as the owner of the largest online trading platforms. But the head of the company Jack Ma was not limited to Internet commerce.
Online shopping still accounts for 4/5 of Alibaba's revenue. Taobao is Chinese eBay or Amazon. Together with two other sites, Tmall and Juhuasuan, Taobao served 8 million sellers and 231 million buyers last year, generating 1,54 trillion yuan ($ 247 billion).
Owned by the Alibaba Cloud Computing group, which began operations in the 2009 year, it now has more than 980 000 users. Alibaba also developed the Aliyun OS mobile operating system, which, according to Jack Ma's plans, will be on par with Android.
Another part of Jack Ma's Alipay payment system, operating since 2004, has become China's largest online payment service provider. This company also serves Weibo Corp. and its microblogging service, an analogue of Twitter.
In addition to the listed companies, Alibaba also owns an Internet TV company, film production group and cable television operator.