Alibaba Group Holding
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 $28 billion in cloud-computing infrastructure over the next three years, a clear signal of its focus on international expansion.
Qilai Shen—Bloomberg/Getty Images
As of 2/1/2023
Internet Services and Retailing
Market Value ($M)
Figures are for the latest twelve months ended Sept. 30, 2022. Market value as of Jan. 20, 2023. Sources: Bloomberg; S&P Global.
Future 50As of 12/3/20
|Year||Revenues ($M)||Profits ($M)|
Lists ranking Alibaba Group Holding