Name Hassan Bashir
Cms 23220
Class Msc 2 Mass comm
Alibaba Group
Alibaba group is a Chinese company. His owner name Jack Ma. Alibaba Company is founded in April 4, 1999, Hangzhou, China. This is a great step of his owner because through this company you can easily buy anything. Don't matter which country you live.
Alibaba is a great and biggest company in business field. Alibaba is the world's sixth-largest internet company by revenue.
From 1999 to 2000, Alibaba Group raised a total of US$25 Million from Softbank, Goldman Sachs, Fidelity and some other institutions. Yahoo! China was launched on September 24, 1999.[143] In October 2005, Alibaba Group formed a strategic partnership with Yahoo! and acquired China Yahoo! (www.yahoo.com.cn), a Chinese portal that focuses on Internet services like news, email, and search. In September 2017, Alibaba’s Ant Financial unveiled a facial recognition technology that allows a customer to pay by flashing a smile, through its Alipay services. In January 2018, Alibaba became the second Asian company to break the US$500 billion valuation mark, after Tencent.
Now a day these types of companies play important role in our life though this type of companies, life is easy and you can easily buy someone with travelling different cities or countries.
