Development History
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- 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
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