The largest Chinese e-commerce company Alibaba had another strong quarter in the beginning of 2022. The annual active consumers on its online shopping properties in China reached 903 million by the first quarter of 2022, increasing from 882 million in the previous quarter.
Alibaba business
Founded in 1999, the Alibaba Group grew up to be the leading company providing all kinds of e-commerce services. Besides its most famous marketplaces including Alibaba.com (B2B), Taobao (C2C), and Tmall (B2C), Alibaba also provides leading electronic payment service Alipay, cloud computing services and other related services to meet all needs in e-commerce. Alibaba holds different sale festivals regularly on its online marketplaces to promote sales performance. On its annual 11.11 (Singles’ Day) Global Shopping Festival in 2021, another record was made in gross merchandise volume (GMV) of Alibaba’s marketplaces.
E-commerce in China
China has the largest number of online shoppers in the world. Due to less developed physical stores and cheap logistic services, e-commerce market is growing rapidly in third-and-lower tier cities in recent years. And as people are getting more aware of international brands, cross-border online shopping is becoming a trend too. With online shopping portals and convenient electronic payment methods, China’s consumers can find products with high quality and competitive price more and more easily.
FAQs
General Alibaba Statistics and Facts
It's in the public eye as the top online global trading firm. Thus, it got 979 million active users in 2021. Alibaba gets 12.7 billion orders annually from firms seeking growth.
What country uses Alibaba the most? ›
Alibaba Traffic by Country
- U.S. 17.73%
- China. 12.39%
- Russia. 3.45%
- UK. 3.41%
- Canada. 3.31%
- Other. 59.72%
However, challenged by China's ever-strengthening anti-monopoly law and competition from the rising social commerce companies, Alibaba has shown signs of losing its throne. As of 2023, Alibaba's market value vanished to 216.6 billion U.S. dollars, nearly 80 percent less than its peak.
How much does Alibaba make a year? ›
In the fiscal year ending March 31, 2024, Chinese e-commerce corporation Alibaba Group recorded consolidated revenues of around 941.17 billion yuan. This translates to approximately 130.35 billion U.S. dollars.
Who sells more Amazon or Alibaba? ›
Is Alibaba bigger than Amazon? If we consider each marketplace's retail market share in their home countries, then yes, Alibaba is bigger. For example, while Amazon's retail share in the US market is nearly 50%, Alibaba's share reaches 80%.
What is the rank of Alibaba owner in world? ›
As of February 2024, with a net worth of $30.1 billion, Ma is the sixth-wealthiest person in China, as well as the 50th wealthiest person in the world, ranked by Bloomberg Billionaires Index.
What sells the most from Alibaba? ›
Health and wellness products take the top spot on this list as they are always in high demand for dropshipping on Alibaba. These products enjoy high demand due to several key factors. First of all, people today are getting more health conscious and only want to buy products that promote a healthy lifestyle.
Is there a place like Alibaba in USA? ›
This explains why the region is home to multiple B2B marketplaces including Alibaba and Global Sources. Some of the other prominent dropshipping and B2B marketplace sites include Doba Inc. and SaleHoo. You can also take a look at the biggest dropshipping suppliers in USA.
Where does Alibaba make most of its money? ›
- (1) China Commerce Revenue $49.1 billion (65%),
- (2) China Wholesale & Other Revenue $8.9 billion (12%),
- (3) Cloud Computing Revenues $5.9 billion (8%),
- (4) International Commerce Revenues $5.7 billion (8%), and.
- (5)Digital Media & Innovation Initiatives Revenues $5.6 billion (7%)
The regulatory troubles that Alibaba faced through 2021 and 2022 relating to its affiliate and digital payment services major Ant Group appear to be in the rearview mirror. Alibaba is also tweaking its e-commerce strategy to be more like value-focused players such as Pinduoduo. Alibaba's valuation is also compelling.
Alibaba's net income tumbled 86% after an unexplained writedown for losses in its publicly traded holdings, which include companies from AI firm SenseTime Group Inc. to brick-and-mortar chain Sun Art Retail Group Ltd. That came on top of heightened spending to ward off up-and-coming competitors.
Why is Alibaba tanking? ›
Increased regulatory scrutiny has weighed on Alibaba and other Chinese stocks for the past couple of years. Besides a strict regulatory environment, Chinese stocks have also been dealing with a slowing economy. In April 2020, China regulators fined Alibaba $2.8 billion after an antimonopoly probe.
Who is the largest shareholder of Alibaba? ›
Jack Ma and Joe Tsai, the co-founders of Alibaba Group Holding, have emerged as the two largest shareholders of the e-commerce giant they founded in 1999, by aggressively scooping up its tumbling shares in New York and Hong Kong.
Where is Alibaba headquarters in the US? ›
Alibaba Group US, 525 Almanor Ave, Suite 400, Sunnyvale, CA - MapQuest.
Do people make money off Alibaba? ›
One of the ways to make money as a buyer on Alibaba.com is by reselling the products you buy. That's why it's a good idea to determine what products you want to resell. Alibaba.com is a great place to conduct market research to help you find bestselling and profitable products.
Is Alibaba or Amazon bigger in China? ›
One of the key things that makes Alibaba different from Amazon is its focus on the Chinese market. Alibaba is the dominant ecommerce company in China, with a market share of over 50%. Amazon, on the other hand, has a relatively small market share in China.
Is Alibaba bigger than eBay? ›
With Alibaba's market value estimated at $138 billion, based on 2.34 billion shares worth $59 a share (second confession, l used a calculator). In comparison, Amazon and eBay have a joined market value of $228 billion, according to Bloomberg analysts.
Is Alibaba the biggest company in the world? ›
Amazon Remains on Top: Amazon, rebounding from a low market cap in 2022, folded its value to US$1.9 trillion. The U.S. eCommerce giant outpaces its closest Chinese competitors, Pinduoduo and Alibaba, which hold the 2nd and 3rd spots.
Is Alibaba bigger than Facebook? ›
You'd be hard-pressed to find two companies with larger user bases than Alibaba (BABA 2.84%) and Facebook (META -3.70%). Alibaba now has 824 million monthly active users (MAU) across its retail platforms, while Facebook has over 2.9 billion MAUs across its family of apps.
