Development History
| This section is in a list format that may be better presented using prose. You can help by converting this section to prose, if appropriate. Editing help is available. |
- In December 1998, Jack Ma and other 17 founders released their first online marketplace named "Alibaba Online".
- From 1999 to 2000, Alibaba Group raised a total of US$25 million from SoftBank, Goldman Sachs, Fidelity and some other institutions.
- In December 2001, Alibaba.com achieved profitability.
- In May 2003, Taobao was founded as a consumer e-commerce platform.
- In December 2004, Alipay, which started as a service on the Taobao platform, became an independent business.
- In October 2005, Alibaba Group took over the operation of China Yahoo! as part of its strategic partnership with Yahoo! Inc.
- In November, 2007, Alibaba.com successfully listed on the Hong Kong Stock Exchange.
- In April 2008, Taobao established Taobao Mall (Tmall.com), a dedicated B2C platform, to complement its C2C marketplace.
- In September 2008, Alibaba Group R&D Institute was established.
- In September 2009, Alibaba Group established Alibaba Cloud Computing in conjunction with its 10-year anniversary.
- In May 2010, Alibaba Group announced a plan to earmark 0.3% of its annual revenues to fund environmental protection initiatives.
- In October 2010, Taobao beta-launched eTao as an independent shopping search engine.
- In June 2011, Alibaba Group reorganized Taobao into three separate companies: Taobao Marketplace, Taobao Mall (Tmall.com) and eTao.
- In July 2011, Alibaba Cloud Computing launched its first self-developed mobile operating system, Aliyun OS over K-Touch Cloud Smartphone.
- In January 2012, Tmall.com changed its Chinese name as part of a rebranding exercise to reinforce its positioning as a source of high-quality, brand-name products.
Read more about this topic: Alibaba Group
Famous quotes containing the words development and/or history:
“For decades child development experts have erroneously directed parents to sing with one voice, a unison chorus of values, politics, disciplinary and loving styles. But duets have greater harmonic possibilities and are more interesting to listen to, so long as cacophony or dissonance remains at acceptable levels.”
—Kyle D. Pruett (20th century)
“Whenever we read the obscene stories, the voluptuous debaucheries, the cruel and torturous executions, the unrelenting vindictiveness, with which more than half the Bible is filled, it would be more consistent that we called it the word of a demon than the Word of God. It is a history of wickedness that has served to corrupt and brutalize mankind.”
—Thomas Paine (1737–1809)