SORT BY

The Future 50

Wang Zhao—AFP/Getty Images

14

Alibaba Group Holding

BABA

During its Singles’ Day promotion last year, ­Alibaba sold $25 billion worth of goods—up 39% from the year before. (Compare that with the “record breaking” $6.6 billion sold in the U.S. on Cyber Monday of 2017.) Not content to dominate the world’s largest e-­commerce market, Alibaba has expanded aggressively outside China and in other sectors, including cloud computing and food delivery; revenue in fiscal 2018 rose 58% over the previous year. Concerns over the retirement of founder and chairman Jack Ma have dissipated; the juggernaut is poised to succeed without him.

Looking for leads, investment insights, or competitive intelligence?

Overall Score

3.8

Sector

Technology

Industry

Internet Software and Services

CEO

Daniel Zhang

Employees

66,421

HQ Location

Hangzhou, China

Revenues ($M) (Past 12 Months)

$43,226

Profits ($M) (Past 12 Months)

$8,942

Market Value as of Oct. 10, 2018 ($M)

$355,672

Revenue and net income for 12 months ended June 30, 2018. Sources: Bloomberg; S&P Global.

News about Alibaba Group Holding

Amazon to Shutter Chinese E-Commerce Site That Targets Mainland Customers

The move signals a likely shift in focus from China to India.

Read More →
Alibaba's Jack Ma Again Endorses China's '996' Overtime Culture as Testament to Professional Passion

Those who can work dangerously long hours, he says, "have found their passion beyond monetary gains."

Read More →
China's Workers Are Protesting Tech's Deadly '996' Overtime Culture. Alibaba's Jack Ma Says He Requires It.

"If you want to join Alibaba, you need to be prepared to work 12 hours a day, otherwise why even bother joining."

Read More →
How China's Surveillance State Reflects 'Black Mirror'

The government is restricting the activities of people with poor credit scores.

Read More →