Alibaba retained its majority share of China’s massive e-commerce market throughout the worst of the pandemic, and the behemoth still has room to grow. Live-streaming—in which brand representatives broadcast to viewers who can purchase items featured in the video—was key to its pandemic strategy. In February it removed service fees for new merchants on its live-streaming platform Taobao Live, and saw the number of new sellers spike 719% compared with the previous month. In April, Alibaba announced it will invest $28 billion in cloud-computing infrastructure over the next three years, a clear signal of its focus on international expansion.

Qilai Shen—Bloomberg/Getty Images

Company Information

As of 2/1/2023
Country
China
Headquarters
Hangzhou, China
Industry
Internet Services and Retailing
CEO
Daniel Zhang
Company Type
Public
Ticker
BABA
Revenues ($M)
$131,191
Profits ($M)
$1,016
Market Value ($M)
$317,334
Employees
243,903
Figures are for the latest twelve months ended Sept. 30, 2022. Market value as of Jan. 20, 2023. Sources: Bloomberg; S&P Global.

Future 50
As of 12/3/20

Overall Score
2
Sector
Consumer Discretionary

Historical Data

YearRevenues ($M)Profits ($M)
2019$60,198$14,742
2018$43,226$8,942
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