
The Fifth Person
2020-09-27 11:47:40
10 things to know about Alibaba Group before you invest
Founded in 1999, Alibaba Group simplifies commerce for manufacturers, wholesalers, distributors, traders, retailers and consumers in China and Southeast Asia via its online platforms such as Alibaba, Taobao and TMall. They are backed by various infrastructures like Cainiao (its logistics network), Ant Group (its fintech firm), and Alibaba Cloud (its cloud computing arm). As of 24 September 2020, it has a market capitalisation of HK$5.7 trillion.
In this article, I’ll summarise Alibaba’s segmental results, its financial results, and make a list of its latest strategic investments.
Here are 10 things about Alibaba Group you need to know before investing.
1. Alibaba derived RMB436 billion or 85.5% of its group revenues in 2020 from its Core Commerce segment. This segment compri